Wal-Mart Stores Inc sharpened its focus on low prices and said it expects to get out of its U.S. sales slump later this year, sending shares higher on Tuesday.
Barclays Capital is forecasting the price of gold to exceed $2,000 per ounce next year as sovereign debt risks intensify, broad investment demand accelerates and central bank buying of the yellow increases.
Premarket trading of gold and silver mining companies were mixed Tuesday in a tight range as stock index futures pointed to a lower open and commodities like crude oil and copper were down.
One analyst says Amazon would do well by offering a low price tablet competitor to the iPad.
Silver prices and the shares of silver mining companies rose Monday along with the price of gold and the broader U.S. stock market.
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
The retreat Friday in the price of gold marks a pause, nothing more, in the precious metal's ascent, according to a Barclays Capital report.
J.C. Penney Co Inc forecast weaker-than-expected third-quarter earnings as more price cutting threatened to further dent its gross margin, sending its shares down 1 percent in morning trade.
Gold prices eased in Europe on Friday, extending the previous session's retreat from record highs, as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.
Gold eases off the session's record highs after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth buoyed sentiment.
HP cutting the price of the Touchpad may have been a necessary move according to one analyst.
Gold and silver settled lower Thursday after investors returned to stocks amid encouraging news from the Labor Department and stricter margin requirements from the CME Group Inc., which runs US futures markets.
Gold slid from record highs Thursday as investors cashed in some of the previous session's near 3 percent gains after U.S. stocks opened higher and following a move by CME Group to hike margins for trading COMEX gold futures.
HP is making the right move by permanently cutting the price of its Touchpad tablet according to one analyst.
Investors will abandon stocks and continue to chase gold over the next few years, based on an analysis of the spot gold to S&P 500 .SPX ratio, Reuters market analyst Wang Tao said.
China's price rises may have peaked but the country still faces inflationary risks, including the possibility of a new round of monetary easing by the United States, China's top economic planner said on Wednesday.
HP cuts the price of its tablet computer permanently.
Gold is set to widen its premium over platinum after hitting parity for the first time in 2-1/2 years this week, with no end yet in sight to the potent cocktail of fear factors that are benefiting safe havens at the expense of cyclical assets.
Gold held steady on Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.
Gold climbed to a third record in a row on Wednesday, extending its best rally since 2008 as a dive in French bank stocks sent new shudders through anxious financial markets, sending U.S. stocks skidding.
Gold hit fresh record highs on Wednesday as U.S. stock markets resumed their decline on concerns over the U.S. and euro zone economies, and after the Federal Reserve said U.S. interest rates would stay near zero for at least two years.
Ukraine, whose government estimates it has 2,500 to 3,00 tons of gold, will start large-scale mining for the precious metal to cash in on "the radical growth of the world price of gold," the State Service of Geology and Mineral Resources of Ukraine said Wednesday.
