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The World Gold Council remains constructive on gold prices despite diminished chances of QE3

Gold Prices Set To Rise: World Gold Council

While chances of a third round of U.S. money-printing quantitative easing measures, or QE3, have dimmed, the World Gold Council, or WGC, remains positive on the yellow metal's outlook due to its international appeal and value in hedging against inflation and deflation.
New York City Mayor Michael Bloomberg speaks during a news conference at Cornell University in New York

NYC Will Open 54 New Schools This Fall & A Software Engineering School, Says Bloomberg

Mayor Michael R. Bloomberg and Schools Chancellor Dennis Walcott announced the city's plan to open 54 new schools this fall, including a high school academy for software engineering. Come September, the Bloomberg administration will have closed 140 schools and opened 589 new ones since 2002, through a longstanding policy that has set out to replace poorly performing schools. The new schools will eventually serve more than 21,000 students.
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Anarchist Face Off at Astor Place Starbucks

A group of self-proclaimed anarchists clashed with police outside the Astor Place Starbucks in the East Village over the weekend, leading to the arrest of three people. The anarchists gathered outside the Starbucks on Saturday night and began to smash in the windows using metal pipes. Frightened customers dodged the shattered glass by ducking under tables, and luckily none were hurt.
Roche

Roche Walks Away From $6.8B Illumina Takeover Bid

Swiss drugmaker Roche Holding AG (ROG.VX) said Wednesday that it decided not to extend beyond Friday a $6.8 billion hostile offer for gene sequencing specialist Illumina Inc. (Nasdaq: ILMN) after forecasting that the incumbents directors of Illumina will be re-elected.
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Wall Street eases on IBM, Intel; Chesapeake slumps

Stocks were lower on Wednesday after uninspiring earnings from IBM and Intel, while Chesapeake Energy slumped after a Reuters report highlighted large and unusual personal loans taken by its chief executive.

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