Gold prices tumbled below the psychologically significant $1,700 level Monday as fears that neither the U.S. nor Europe appear able to make progress on their sovereign debt problems drove investors to the dollar.
Complicating matters is the high exposure that major French banks have to the distressed debt of other Eurozone nations like Greece and Italy.
Silver mining company shares plunged Monday, in many cases falling more sharply than the broader stock market or the price of silver itself.
Cairo police fought protesters demanding an end to army rule for a third day on Monday and morgue officials said the death toll had risen to 33, making it the worst spasm of violence since the uprising that toppled President Hosni Mubarak.
The PP won 44.6 percent of the popular vote, versus only 28.7 percent for the Socialists.
Gold prices fell Monday as technical factors and increased demand for the U.S. dollar outweighed otherwise bullish forces.
A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report on Monday, adding to pressure on European debt markets.
Michel Barnier, the European Union's markets commissioner, said on Sunday he was in favor of euro zone countries pooling their debt together but warned that tougher oversight of national budgets was needed first.
U.S. overspending on the military has diverted resources from civilian / social investments, weakening the economy, and, by extension weakening the nation. If it doesn’t substantially cut defense spending, the U.S.’s empire will likely share the fate of two other empires that overspent on the military -- the British Empire and the Soviet Union.
Greece's new prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support reforms and a public-sector union readied itself for strikes.
Newly installed Prime Minister Mario Monti got straight to work at the weekend, reviewing Italy's parlous finances before a round of meetings in coming days with European leaders to discuss the growing Eurozone debt crisis.
World Gold Council's third-quarter demand report showed central bank buying going far above most analysts estimates. Analysis shows the mystery buyers to be China or India.
Rising sovereign yields in Europe added to negative pressure for global equities during the week
As Libyan's celebrate Saif al-Islam's Friday capture, it brings to mind the question of what happened to all of Gaddafi's children.
This is clearly an austerity budget, as most member states are in the midst of a serious financial crisis, said EU budget commissioner Janusz Lewandowski.
A brutal year for global investors may get even worse next week should the U.S. Congress prove yet again it is too bitterly divided to deliver on its promise to cut the gaping federal budget deficit.
While German Chancellor Angela Merkel and British Prime Minister David Cameron have tried to put a happy face on their Friday meeting in Berlin, the two prominent European leaders differ sharply on ways to resolve the Eurozone debt crisis.
The Twilight Saga: Breaking Dawn -- Part 1 was released in theaters worldwide Friday, and this latest installment in the Twilight series is not to be missed.
European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the escalating debt crisis.
The leaders of Germany and Britain sent out conflicting signals on Friday about how to solve the euro zone's debt crisis and admitted they had failed to narrow differences over the introduction of a financial transaction tax in Europe.
Former Prime Minister Silvio Berlusconi also gave Monti tacit support.
LONDON - In some cultures, the number 7 is mystical and magical; in the euro zone, it's a Mayday call.