Gold prices slipped below $1,800 an ounce on Thursday as stock markets extended gains, with assurances from Germany and France about keeping Greece in the euro bloc boosting appetite for assets seen as higher risk at the precious metal's expense.
France and Germany have assured to support continued membership of Greece in the euro zone with the Greek Prime Minister vowing to persist with austere cuts in the struggling country’s budget.
Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.
A spokesman for Merkel said that she and Sarkozy emphasized that Athens must dutifully adhere to its deficit-reduction goals.
U.S. Treasury Secretary Timothy Geithner said Wednesday the global financial crisis, which has experienced two stages, is not likely to see a third -- as least not one emanating from Europe's banking sector.
Two separate reports recently confirmed ice covering the Arctic Ocean is melting at an alarmingly fast pace.
Gold prices settled moderately lower Wednesday after a string of European developments during the trading session boosted investor hope that the continent's sovereign debt crisis is finally getting the attention it requires.
More than 50 new alien planets- - including one super-Earth that could potentially support life -- have been found in the largest extrasolar planet haul announced at one time, astronomers say.
Gold extended its losses Wednesday after Italian lawmakers approved a major austerity program, the latest in a string of signs that Europe's debt crises may be finally getting the attention they deserve.
A star is bombarding a huge nearby planet with X-rays 100,000 times stronger than what Earth receives from the Sun, a new study found.
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Gold prices fell Wednesday as stock markets in Europe posted gains from European Commission plans to push euro zone bonds and China's premier expressed support for struggling European countries.
Spot gold reversed early gains and lost half a percent on Wednesday following sagging equities, after rating agency Moody's downgraded two of France's top banks and fueled fears of a full-blown banking crisis in the euro zone.
European astronomers have announced that they have discovered a second planet outside the solar system that could potentially support terrestrial life.
A new study suggests that a planet is attacking a nearby planet which is 880 light-years from Earth with a storm of X-rays that is hundred thousand times more powerful than what Earth receives from the Sun.
U.S. solar company SunPower Corp (SPWRA.O) is actively looking at acquisitions that would complement its residential and commercial project businesses, Chief Executive Tom Werner said on Tuesday.
A recent extrasolar planet haul has identified one earth-like planet that exists only 36 light-years away from the Earth. The announcement about the discovery of this planet was made by European astronauts on Monday.
Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.
Scientists have found that a star is brutally bombarding a planet close by with a barrage of X-rays that are almost hundred thousand times stronger than what our planet receives from the sun.
The Arctic sea ice extent in the last few days have decline slowly, the National Snow and Ice Data Center on Tuesday said that Arctic sea ice extent is currently at the second-lowest levels in the satellite record since 1979.
A star is brutally attacking its close-orbiting planet with a barrage of X-rays a hundred thousand times stronger than what Earth receives from the sun, a new study has found.
NASA's Chandra X-ray discovered a planet about 880 light-years away from Earth is being blasted away by a companion star.