GDP

Goodrich Petroleum Corp

Global Markets

Some Risk Aversion in Marketplace Today; U.S. GDP On Deck

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(Kitco News) – Asian and European stock markets were lower Friday, on the back of sharp losses in the crude oil futures market seen on Thursday. Overseas markets fell despite U.S. stock indexes posting record highs Thursday. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are posting good gains in pre-U.S. day session trading. A weaker U.S. dollar index Friday is helping out the gold market bulls.

Global Market

World Stock Markets Weaker; U.S. GDP Report On Deck

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Global equity markets were mostly lower Friday, heading into the weekend. U.S. stock indexes are firmer heading into the New York day session.

Gold prices are firmer on mild short covering heading into a weekend that could see new geopolitical developments. President Trump said the U.S. and North Korea are headed for a major confrontation over North Korea’s nuclear ambitions.

Traders and investors are awaiting what is arguably the most important data point of the week: Friday morning’s U.S. advance first-quarter gross domestic product report.