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12 Agosto 2017, 10:48 | Dolorita Barahona
Losses snap Dow's winning streak
Japanese markets were closed for a holiday. "You're less than 2 per cent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers". India's Sensex shed 0.2 percent to 31,951.28 and benchmarks in Taiwan, New Zealand and Thailand also declined.
"Calming words from the US Secretary of State helped ease market concerns over potential armed conflict with North Korea", said Michael McCarthy, chief market strategist at CMC Markets. The dollar index slipped to a one-week low on Friday after the U.S. data. It earlier hit its highest since June 8 at $1,288.97 U.S.an ounce.
Palladium climbed 0.3% to $899.50 US per ounce and was on track to end the week 2.3% higher.
An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 per cent, led by Toronto-based Yamana Gold Inc.
South Korean shares were down 0.9 percent and the won was 0.6 percent lower at 1,134.10 at 0048 (8:48 a.m. Wednesday in Manila).
Markets are now awaiting U.S. consumer price data for July, due later today.
Tensions with North Korea appear to have finally shaken the confidence of United States investors, after the S&P 500 opened 0.8% lower, threatening to end its 15-day streak with a closing streak of more than 0.3%, a 90-year record.
"Standard safe haven instruments are still being preferred at this point, with the yen well bid against its peers and gold a little higher after seeing strong gains on Wednesday, while equities are getting no love", said Craig Erlam, senior market analyst, at Oanda. The euro edged down to $1.1726 from $1.1751.
The Japanese yen strengthened by 0.5pc to around 109.70 per dollar.
Data from the U.S. Commodity Futures Trading Commission released last week showed that currency speculators still held a large net short position in the yen during the week ended August 1, although somewhat smaller than the levels seen a couple of weeks earlier, when their bearish bets against the yen grew to the largest since January 2014.
"This inflation data for the month was not good".
The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday. The white metal's almost 3% rise Wednesday was the sharpest daily gain since September 21, 2016, according to FactSet data.
Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in U.S. crude inventories, leaving prices volatile.
The kiwi had jumped briefly to levels above $0.7370 in early Asian trade on Thursday, after the RBNZ said it still expected inflation to rise gradually as capacity pressures increase, dousing some expectations it would strike a more dovish tone given recent soft economic data.
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Mr Trump's comments sparked a late afternoon selling on Tuesday , with the Dow ending a nine-day streak of closing records. As is often the case in such circumstances, many have looked for assets that are seen as less risky, one of which is gold.