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271. PRECIOUS METALS: Gold Futures Edges Higher as Dollar Drops, Silver Declines
Gold futures closed with modest gains on Tuesday on speculation a weak dollar and soaring energy cost will boost the demand for the precious metal while another round of weak U.S. data boosted concerns about economic growth.
17 Jun 2008
272. Banking turnaround likely in '09: Goldman
Four major hurdles must be crossed before a broad recovery in the banking sector, and that might not occur for another six to nine months, according to a new research report from Goldman Sachs.
17 Jun 2008
273. U.S. Stocks Plunge, Led by Financials
U.S. stocks on Tuesday fell for the first time in four days after Goldman Sachs predicted anks will have to raise $65 billion in new capital to cover losses in the face of economic data that further highlights soaring inflation amidst a troubled housing market.
17 Jun 2008
274. I Walk The Line
Yesterday's intra-day spike to record highs in the oil market dematerialized quicker than a crewmember on Star Trek and by early this morning the value of a barrel was very near $133 instead of $140. The greenback regained a little bit
17 Jun 2008
275. Earnings roundup: Goldman Sachs, La-Z-Boy
Among the earnings stories for Tuesday, June 17, from AP Financial News: Top stories:
17 Jun 2008
276. Opening Glance: Gold mining companies open mixed
Shares of gold-mining companies opened mixed Tuesday as the price of the precious metal slipped. The price of gold for August delivery fell $3.20 to $880.40 per ounce on the New York Mercantile Exchange in morning trading.
17 Jun 2008
277. Gold Investments Market Update - Bank of England Warns Inflation Here to Stay and to Accelerate
Gold closed at $883.20 in New York yesterday and was up $13.30;silver closed at $17.24 up 67 cents. Gold traded in a range between $880 and $890 in Asian and European trading this morning prior to selling off at the open on the NYMEX. With oil selling off and the dollar stronger versus the euro today, gold has come under pressure. But the inflation genie is well and truly out of the bottle and...
17 Jun 2008
278. Premarket Movers: Goldman lifts financials
Financial stocks fared well in premarket trading Tuesday as Goldman Sachs Group Inc., the world's largest investment bank, posted second-quarter earnings that beat Wall Street expectations.
17 Jun 2008
279. US dollar down in Europe
The U.S. dollar was mostly lower against other major currencies in European trading Tuesday morning. Gold fell. The euro traded at $1.5506, up from $1.5489 late Monday in New York.
17 Jun 2008
280. Chaarat scoping study defines gold project progress
Chaarat Gold Holdings has announced the results of a scoping study by independent consultants, Behre Dolbear, which is the next step towards bringing this Kyrgyz gold project to production.
17 Jun 2008
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