Iran, prominent member of the oil cartel Organization of Petroleum Exporting Countries (OPEC) and long-time adversary of the U.S, has objected to the move by certain members of the oil exporting cartel to raise output in order to clam markets and ease oil prices.
U.S. stocks advanced on Tuesday as stronger-than-expected report on new home starts and encouraging quarterly results from Johnson & Johnson buoyed sentiment.
U.S. stocks advanced in early trade on Tuesday, following better-than-expected housing data and encouraging quarterly results from Goldman Sachs and Johnson & Johnson.
Spot Gold jumped to a new all-time high of $1489 per ounce in Asian trade Monday, edging lower as the Dollar rose on the currency market and global equities began the Easter-shortened week with a 0.5% drop.
Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
For the first time in history, private investor [Gold] holdings now exceed official-sector holdings, said Philip Klapwijk - executive chairman of precious-metals consultancy GFMS - at a presentation in London's Canary Wharf today, commenting on last year's strong physical Gold Investment demand.
U.S. stocks declined in early trade on Tuesday as disappointing first quarter sales from Alcoa and renewed concerns about Japan's nuclear crisis weighed on the sentiment.
U.S. stocks advanced in early trade on Monday as successful acquisitions by U.S companies and anticipation of solid first-quarter corporate earnings buoyed sentiment.
Gold and [platinum-group metals] were irrelevant, according to one Asian dealer, as The silver market went nuts, with swift buying pushing spot silver prices to a fresh 31-year high above $42 per ounce.
U.S. stocks advanced in early trade on Monday as anticipation of solid first-quarter corporate earnings buoyed sentiment.
The top pre-market NASDAQ Stock Market gainers are: Tasty Baking, Global Crossing, American Medical Systems Holdings, RAM Energy Resources, and VIVUS. The top pre-market NASDAQ Stock Market losers are: Sina, Medivation, Energy Conversion Devices, JetBlue Airways, and Netflix.
Shares of AMR Corp. (NYSE: AMR) touched a new 52-week low of $5.71 on Friday, as crude oil futures climbed above $112 since September 2008.
U.S. stocks fell modestly Friday as investors exercised caution ahead of the potential shutdown of the federal government and the start of U.S. companies' first-quarter earnings reports.
Hitting $1472.50 for US investors today, the Gold Price also rose sharply against the British Pound - hitting its best level since New Year at £900 per ounce - but was in flat against most other major currencies. Silver Prices, in contrast, rose to new multi-decade highs across the board.
U.S. stocks ended lower on Thursday after a major aftershock in Japan triggered new fears about a nuclear crisis, but better-than-expected jobless claims data and monthly retail sales data held losses in check.
Physical Gold Investment prices held near yesterday's new all-time Dollar highs in London trade on Thursday, rising toward 3-week highs in Euro terms even as the European Central Bank made good on its promise to raise Eurozone base rates.
U.S. stocks advanced in early trade on Thursday after official data showed that applications for jobless benefits fell last week.
U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks.
U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
The price of Gold reached new record highs vs. the Dollar on Wednesday in London, breaching $1460 per ounce as world stock markets also kept rising together with commodities and higher-yielding currencies.
The top after-market NYSE gainers on Tuesday are: CVR Energy, Hudbay Minerals, Endeavour Silver, Exterran Holdings and CryoLife. The top after-market NYSE losers are: China Ming Yang Wind Power, Louisiana-Pacific, Kilroy Realty Corp, PulteGroup and Teradyne.
The Gold Price rose early Monday in London, nearing last week's high of $1439 per ounce as energy prices led a surge in commodity prices and Silver Bullion jumped 1.9% to fresh 31-year highs.