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Gold Prices Regain Some Early Losses on ECB Bond Buying

Gold prices regained some early losses Wednesday after the European Central Bank intervened in the bond market to cap dangerously high yields on Italian, Spanish and French bonds.

European Markets Stabilize after ECB Steps in

Pressure eased on Europe's government debt market Wednesday, with Italian borrowing costs back below the 7 percent level viewed as unsustainable after the European Central Bank was seen buying up bonds.

ECB Intervenes to Stop European Bond Rout

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt

The European Central Bank stepped in to stem an accelerating selloff of euro zone government bonds on Wednesday, traders said, after the United States called for more decisive action to halt the spreading sovereign debt crisis.

Italy's Monti center stage, France alarm bells

Prime Minister-designate Mario Monti raced to assemble a new government for Italy on Tuesday while a sharp rise in French borrowing costs raised fears that the two-year debt crisis may spread to the euro zone's second biggest economy.

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German Chancellor Angela Merkel delivers a speech after receiving the Emperor Otto Prize in the Magdeburg Cathedral in Magdeburg

Merkel Says Europe Faces Toughest Challenge Since WWII

LEIPZIG, Germany, Nov 14 - Warning that Europe faced its toughest hour since World War Two, German Chancellor Angela Merkel urged her party to set aside its misgivings about the euro and accept closer political integration as a solution to the bloc's deepening debt crisis.

Newly appointed Prime Minister Monti looks on following a talk with Italian President Giorgio Napolitano at the Quirinale palace in Rome

Europe Could be in Worst Hour Since WWII: Merkel

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.

Italy Sells 5-Year Bonds, but at Record 6.29% Rate

Italy paid a euro-era high price to sell five-year bonds on Monday, with investors wary of buying its debt until the country's new leadership undertakes profound economic reform.

Italy Races to Form Government Following Fall of Berlusconi

Italy's head of state begins talks Sunday to appoint an emergency government to succeed outgoing Prime Minister Silvio Berlusconi and handle a crisis that has brought the Eurozone's third-largest economy to the brink of financial disaster.

Mario Monti Arrives: The New Italian Technocratic Government

Can anyone bring any sense of fiscal stability and normalcy to the Italian government? Perhaps Mario Monti, center, can -- and all in the European Union, and those who believe in the euro, not just the citizens of Italy, will no doubt be rooting for him.

A trader smiles as he works on the floor of the New York Stock Exchange after the closing bell in New York

Wall Street Gains for the Week as Italy-Related Fears Ebb

Stocks jumped on Friday, ending higher for the week after the Italian Senate's approval of economic reforms gave investors some relief from worries about the Eurozone's debt crisis.

Yellen, president and chief operating officer of the Federal Reserve Bank of San Francisco, speaks at the Town Hall Los Angeles forum in Los Angeles

Federal Reserve to Begin New Round of Bank Stress Tests

In a couple of weeks, the U.S. Federal Reserve will begin a new round of stress tests on America's largest banking organizations, a top Federal Reserve official said Friday.

Gold Prices End Wild Week with Another Gain

Gold prices rode a roller-coaster this week, topping a peak midweek when the settled at $1,799.20 before plunging 2.2 percent over the next two days on fears Italy had lost control of its finances and was threatening the Eurozone's survival.

Wall Street Soars 2 Percent on Italy Vote

Stocks rose about 2 percent on Friday, with major indexes on track to end the week higher as Italy's Senate approved economic reforms, easing investor concerns about the euro zone's debt crisis.

Wall Street Opens Higher on Eurozone Progress

Stocks rose at the open on Friday as debt-laden Italy moved to implement tough austerity measures crucial to avoid a Eurozone meltdown.

Greeks welcome news on PM, await crisis cabinet

Greeks lauded the nomination of new prime minister Lucas Papademos on Friday and expressed hope his government could put the economy back on track and calm political turmoil that has threatened to force Athens out of the euro zone.

Incoming Prime Minister Lucas Papademos walks through the gardens of the presidential palace after a meeting with Greek political leaders in Athens

Greeks Welcome New Premier, Await Emergency Cabinet

Greeks lauded the nomination of new Prime Minister Lucas Papademos Friday and expressed hope that his government could put the economy back on track and calm political turmoil that has threatened to force Athens out of the euro zone.

Wall Street Rebounds but Europe-tied Jitters Linger

Stocks edged up on Thursday, rebounding from Wednesday's steep losses, but trading was choppy as nervous investors reacted to headlines painting a mixed picture of Europe's debt crisis.

Who is Lucas Papademos?

Papademos’ resume is nothing short of sterling and diverse, with a heavy presence in the United States.

Wall Street Rebounds as Italian Yields Ease

Stocks rebounded on Thursday, a day after the S&P 500 suffered its worst day since mid-August as Italian bond yields eased.

Papademos to lead Greek crisis coalition

Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.

Ghana is the latest commodity producer in the African region devising measures to benefit from the higher international prices for its products. According to the central bank, gold exports from the country in the nine months to September amounted $3.7 bil

Gold Prices Test $1,750/Ounce Support

Gold prices recouped big early losses Thursday to start Comex floor trading about one percent down as the U.S. dollar fell against the euro on hopes a new Italian and Greek governments may pave the way for Europe to avert a recession.

Euro stabilizes, world stocks above 3-week low

The euro rose from a one-month low versus the dollar on Thursday and top-rated government debt fell while world stocks held above a three-week trough on hopes that new governments being formed in Italy and Greece could help fend off a euro zone break up.