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Gold leaps to highest level since 1980

Gold prices leaped to their highest level since 1980 on Friday, as record weakness in the dollar and early strength in crude oil prices led to gains in precious metals.

Oil rises above $83

Oil rose above $83 a barrel on Friday and closed in on an all-time high as fund buying, spurred by a weak dollar, provided support.

Stocks dipped on Friday as money managers locked in profits on the last trading day of a strong September, while concerns surfaced about the strength of profits during a turbulent third quarter. Shares of technology, energy and material companies fell as investors took profits on the best-performing sectors for September, traditionally one of the weakest months for stocks.

Dollar sinks to new depths against Euro

The dollar sank to new depths against the Euro on Thursday, the sixth straight trading session of new lows against the currency.

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Oil hovers around $82

Oil hovered around $82 a barrel on Thursday as sinking U.S. crude inventories and the threat of a storm gathering near Florida increased worries of a winter supply crunch in the world's top consumer.

Wall Street flat after mixed earnings reports

Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.

Dollar falls to new low vs euro

The dollar broke above $1.40 per euro for the first time on Thursday, weakened by a hefty U.S. interest rate cut this week and expectations of further cuts in benchmark rates.

Gold hits 28-year high as dollar sinks

Spot gold prices surged to a 28-year high in European trade on Thursday, as the dollar sank to record lows against the euro and oil traded near all-time highs -- raising the precious metal's appeal for investors.

Gold continues to advance on rate cut

Gold prices continued to advance Wednesday on expectations that lower interest rates will weaken the dollar, increasing the desirability of alternative investments.

Gold futures extend rise early after 28-yr high

U.S. gold futures rose early on Wednesday on strong follow-through buying and inflationary worries, extending gains from Tuesday when gold contracts surged to a 28-year high after the Federal Reserve half-percentage point rate cut.

Dollar off low as investors debate Fed cut

The dollar rose from a 15-year low against a basket of currencies on Wednesday as investors bet the Federal Reserve's interest rate cut on Tuesday will help boost a slowing U.S. economy.

Wall Street rallies for second straight day

U.S. Stocks rallied for a second day on Wednesday as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown. Housing-related stocks such as home builders and mortgage finance companies were among the biggest percentage gainers in the S&P 500, a day after the Fed cut the benchmark interest rates by a half-percentage point.

Oil slips after tipping new peak over $82

Oil slipped on Wednesday after setting a record high above $82 a barrel, with dealers eyeing a diminishing storm threat to oil rigs in the Gulf of Mexico.

Fed whets global appetite for stocks, not for bonds

Stocks rallied for a second day on Wednesday after an aggressive U.S. rate cut soothed concern the U.S. economy would slip into recession, stirring demand for riskier investments and killing demand for safe-haven bonds.

U.S. Market flat; tech weakness offset energy

Stocks were little changed on Friday as weakness in semiconductor makers after a broker downgrade of Intel Corp was offset by strength in energy producers.

Credit worries send stocks tumbling

Stocks tumbled on Thursday, with the Dow and S&P down nearly 3 percent, after a French bank froze three funds that invested in U.S. subprime mortgages, prompting central banks to take steps to calm investors. Evidence the U.S. mortgage market crisis was having a global impact and spreading to other markets hammered financial stocks.