Gold prices hovered near a three-month low on Friday and were set for their fourth straight weekly fall, as the strongest dollar in two decades dampened demand for greenback-priced bullion.

OSLO (Reuters) -Norwegian Air posted a loss for the first quarter on Friday and said the surge in fuel costs will partly offset the positive effects of increased bookings for the summer season.

BEIJING (Reuters) -China will offer subsidies, tax breaks and easier loans to boost prospects for college graduates, the cabinet said on Friday, as a record number prepare to enter the workforce this year amid downside risks to economic growth stemming from COVID-19 curbs.

OSLO (Reuters) -Norwegian Air posted a loss for the first quarter on Friday and said rising fuel costs will partly offset the positive effects of increased bookings for the summer season.

The yen is poised to snap a nine-week losing streak on Friday on weakening risk sentiment, while another Wall Street selloff drove flight-to-safety bids to the dollar, which held near 20-year peaks.

U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets over the past few weeks has spilled even into this traditional safe haven.