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 Gold prices settle higher on Friday, buoyed by weakness in the dollar and a fall in bond yields, as traders struggled to sort out details of news that the U.S. and China have agreed to a phase-one trade deal.
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 Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand. The question of whether U.S. benchmark crude-oil futures can "break above multi-month resistance in the low $60s will depend on U.S.-China trade relations; a favorable deal with material tariff reductions will be supportive of a move higher in oil, while continued confusion on the status of the deal will keep energy markets capped," said Tyler Richey, co-editor at Sevens Report Research. January West Texas Intermediate oil rose 89 cents, or 1.5%, to settle at $60.07 a barrel on the New York Mercantile Exchange. For the week, prices rose 1.5%, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Gold prices climbed on Friday, buoyed weakness in the U.S. dollar and bond yields, as traders weighed progress on phase one of a trade deal between the U.S. and China. February gold rose $8.90, or 0.6%, to settle at $1,481.20 an ounce, with the most-active contract ending the week 1.1% higher. Prices marked their highest settlement since Dec. 5, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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