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Spot gold was steady on Friday, but was likely to register its first weekly drop after seven straight weeks of gains as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.

Spot gold lost 0.4 percent Friday, on course for its first weekly drop after seven straight weeks of gains, as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.

The big price drop Wednesday in the price of gold is not the beginning of a trend, say analysts, but rather a pause in a longer term bull market that has a lot farther to run.

Keegan Bradley, the surprise winner of this month's PGA Championship, is still getting used to his new status as a major winner.

Beverage firms led Europe's top shares lower Wednesday, as mixed corporate results and cooling hopes over the prospect of further economic stimulus in the U.S. saw the recent rebound lose steam.

Asian shares fell Wednesday as a rally fueled by speculation that the Federal Reserve may further shore up the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.

Asian shares rose on Wednesday as speculation the Federal Reserve may signal further moves to support the struggling U.S. economy sustained a modest rebound from this month's sharp sell-off.

World number one Luke Donald is gearing up for a final 2011 push as the FedExCup playoffs begin Thursday at The Barclays with the Briton aiming to reign over both the U.S. and European tours.

Over the past three weeks, investors have been rushing into short-term Treasury exchange-traded funds to shield themselves from the roller coaster equity markets.

Bank of Montreal's (BMO.TO: Quote) quarterly profit rose by a higher-than-expected 18 percent as capital markets income surged and a recent U.S. acquisition started to contribute, Canada's No. 4 lender said on Tuesday.

Here are some of the largest global banks that are planning significant job cuts.

Memories of the panic that engulfed the world after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash for cash during August's market falls, private bankers said.

J.B. Holmes has withdrawn from this week's Barclays Classic in Edison, New Jersey and will be sidelined for three months while recovering from brain surgery, the PGA Tour said on Monday.

Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.

In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.

Big spending Liverpool travel to the Emirates Stadium to face big sellers Arsenal in Saturday's early kick-off, in what promises to be an early-season Premiership blockbuster.

Big spending Liverpool travel to the Emirates Stadium to face big sellers Arsenal in Saturday's early kick-off, in what promises to be an early-season Premiership blockbuster.

Here are some of the largest global banks that are planning significant job cuts.

Bank of America (NYSE: BAC) said it plans cut an additional 3,500 jobs – on top of the 2,500 already announced year-to-date.

Google Inc.'s $12.5 billion purchase of Motorola Mobility Holdings Inc. will have positive impact on Apple Inc., Barclays Capital said in a note. But Jefferies believes Apple is likely to strike back in patent war.

Fears of U.S. slowdown dampen demand expectations.

Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.

Colin Montgomerie has urged Tiger Woods to come and play in Europe after the former world number one failed to qualify for the U.S. PGA Tour's season-ending FedExCup series.

Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.

Barclays Capital cut price targets on several U.S. auto companies including Ford Motor and GM after the recent pullback in their shares.

Google Inc.'s $12.5 billion acquisition of Motorola Mobility Holdings will have positive implications for Nokia Corp. and Apple Inc., but Research In Motion and HTC will have a neutral impact, Barclays Capital said in a note.

Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.

Gold rallied back toward record highs above $1,800 an ounce on Thursday, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world which has shaken investor confidence in stocks, bonds and hard currencies.

Here are three reasons to buy gold, even if it means selling some stocks or bonds to get the money for such an investment.