Gold rose on Thursday, snapping three days of losses to climb towards $1,578 an ounce, as the dollar swung back into negative territory versus the euro after a softer-than-expected U.S. manufacturing report.
Gold managed to recover most of the ground it lost in a brutal sell-off earlier on Wednesday even as sentiment and the euro remained fragile as European leaders met to discuss the deepening euro-zone debt crisis.
Ronald Reagan's foundation expressed outrage on Monday at a British company's auction of what it says is a vial of the late U.S. president's blood taken at the hospital where he was treated after a 1981 assassination attempt.
Gold fell on Tuesday under the weight of a weaker euro, as investors bet against a meeting of European leaders this week doing much to tackle the region's debt crisis.
Monday, 21 May 2012 | Posted By:
| Source: CNBC.com
Government spending cuts in developed countries are hurting job creation and exacerbating global youth unemployment, which remains close to the peak hit during the 2009 crisis, the International Labour Organization said on Tuesday.
Gold prices slipped on Monday after early buying failed to lift prices past $1,600 an ounce, with investors still cautious about the precious metal as they awaited clearer signals on the euro-zone debt crisis.
Saturday, 19 May 2012 | Source: The Associated Press
A blind Chinese legal activist was hurriedly taken from a hospital and put on a plane for the United States on Saturday, closing a nearly monthlong diplomatic tussle that had tested U.S.-China relations.
The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world's two biggest economies and sparking accusations by Beijing of protectionism.
Gold rose more than 1 percent on Thursday, bouncing off a 4-1/2 month low, as weaker prices attracted new physical buyers, but gains were likely to be limited as the euro was undermined by fears of a deepening debt crisis in Greece.
Thursday, 17 May 2012 | Source: Christian Science Monitor
For the past three weeks, U.S. interest rates have been falling, and it's because of fears that Greece, which is still trying to form a government, will totally default on its loans, the Christian Science Monitor reports.
Gold recovered from a 2012 low, but still ended down on Wednesday, as U.S. stocks inched higher after speculation that Germany and France will act to keep Greece in the euro zone lifted the euro into the black.
Gold slipped to a fresh 4-1/2 month low on Tuesday as the euro continued to lose ground to the dollar after Greece's failure to form a coalition government heightened concerns over Europe's financial crisis and led investors to spurn risky assets.
Gold prices fell to a 4 1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
The Facebook IPO has raised a lot of questions: Has its popularity peaked? Is the stock a “buy”? And is a hoodie acceptable fashion for a CEO? We went straight to the "experts" — kids at the Mackay Elementary School in Tenafly, NJ.... Read More
With all this “fiscal cliff” talk about the US economy falling off a cliff and the 2012 presidential election it's really easy to rapid fire critiques from your living room... Read More