US stock index futures climbed further Wednesday after a batch of data signaling that the US economy was building on strength but also that the recovery would be gradual.
Gold prices hit record highs above $1,190 an ounce in Europe on Wednesday, boosted by the euro's move through $1.50 against the dollar and by a report that India may consider buying more bullion from the IMF.
Gold struck a record high for a second time this week, rising above $1,177 an ounce on Wednesday, as the dollar slipped and a newspaper reported that India was "open to buying" more gold from the International Monetary Fund.
Stocks declined Tuesday, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook.
Tuesday, 24 Nov 2009 | Posted By:
Scott Cohn | Source: CNBC.com
With gold trading at record highs, Newmont Mining's Twin Creeks mine is one valuable piece of property. And the company is mining it for all it is worth.
U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
Gold turned higher Tuesday despite a slightly higher dollar, as the metal remains firmly underpinned by investment demand based on the prospect of rising inflation and more gold acquisitions by the official sector.
Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
Gold retreated from a record high above $1,170 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fueling momentum buying after the metal's sharp run higher earlier this month.
Each year, PNC calculates the cost of purchasing the 12 gifts given by one's true love in the Christmas Price Index, its version of the government's Consumer Price Index... Read More
Markets zigzagged at the open on Wednesday after a mixed bag of economic data—jobless claims and personal spending rose above expectations but durable goods fell below forecasts... Read More