Gold futures in New York surged above the historic $1,000 an ounce benchmark on Thursday, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand, prompting investors to enter the bullion market. Silver and platinum also gained.
Oil prices rose slightly on Thursday after reaching a new record high of $111 a barrel as the dollar continued its steep decline.
U.S. stocks gained for the second day this week, with the Dow Industrials recovering from a steep 235 drop, after Standard & Poor's predicted banks might end its subprime mortgage write downs and gold soared over the $1,000 an ounce benchmark.
U.S. gold futures hit a record high of $1,00 an ounce on Thursday morning, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand.
U.S. copper futures climbed today as the dollar slumped to a record low against the Euro amid a gloomy economy outlook.
U.S. stocks lost earlier gains in afternoon trade on a weaker dollar and crude oil prices topped $110 a barrel, leading investors to safeguard profits from Tuesday's rally.
U.S. crude oil prices surged near $110 a barrel on Wednesday after the dollar fell to a record low against the euro.
Wheat gained on Wednesday amid speculation that demand for the grain was increasing as global inventories decline.
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Copper prices closed down on Tuesday in New York after the dollar gained on a Federal Reserve attempt to stave off a recession in the U.S.
Google, on Tuesday, unveiled its plan to make an unspecified number of job cuts at DoubleClick Inc following the closure of its 3.2 billion acquisition deal of the advertising technology company.
The dollar rose against the euro and yen on Tuesday after the Federal Reserve announced it would boost lending to credit-hungry U.S. financial institutions in a bid to avert a recession.
Samsung Electronics, the world's largest electronics and information technology company headquartered in Suwon, South Korea has teamed up with Adidas, the German sportswear giant, to launch miCoach - a pedometer, heart rate monitor, MP3 player and a cell phone, all rolled into one.
The Bombay Stock Exchange (BSE) 30-share prime index, the Sensex, on Monday, weathered early losses of nearly 4 percent to end down 0.32 percent or 51.80 points at 15,923.72.
Cotton posted high gains on Tuesday amid speculations that dollar decline was increasing demand for futures traded in New York.
U.S. crude oil declined from a new record above $109 on Tuesday after the Federal Reserve announced measures to inject liquidity into the financial system.
The dollar come under aggressive selling pressure against the yen, falling to its lowest level since 2000 at 101.38 as heightened risk aversion prompted a sharp rally by the Japanese currency. Persistent fears of instability in the US
U.S. stock futures pointed to opening with gains on Tuesday in New York after closing in the red three days in a row.
Soybeans and soybean oil declined on Monday after investors sold some commodities to raise cash following a demand from banks for more money to back the available money positions in stocks and bonds.
Corn increased on Monday boosted by a an increase of crude oil which revived speculation that demand for crop-based fuel such as ethanol will increase.
U.S. copper futures closed down at a two week low on Monday as investors worry about an economic recession in the United States and less demand from China.
The dollar slipped against the yen on Monday on concerns that a U.S. recession could dent stock prices but steadied after the head of the European Central Bank raised a warning about currency exchange rates.