Inflation in the U.S. continued to remain weak during November, in line with analysts' expectations, according to a report by the U.S. Labor Department.
Gold Prices slipped to a two-day low in London dealing on Wednesday, dropping 1.5% from yesterday's Dollar high at $1408 per ounce as Asian stock markets closed up to 2% lower and European stocks lost 0.7% on average.
The British pound strengthened on Tuesday on a higher-than-expected inflation reading for November, with the sentiment also supported by a view that the US Federal Reserve may expand its bond buyback program at its monetary policy later in the day, supplying more dollars into the system.
Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
Having just touched an all-time high in price, demand for copper is expected to be very strong in the coming years, driven primarily by China’s insatiable hunger for commodities of all kinds to support its relentless program of mass urbanization.
China Unicom, the country's No. 2 mobile operator, has more than halved the monthly subscription of its entry-level 3G mobile package in a bid to increase its customer base.
The Gold Price held near last night's new record highs for US, Euro and Sterling investors in London trade on Tuesday, recording an AM Gold Fix at $1426 per ounce as world stock markets gained more than 1.5%.
Energy services company AGL Resources Inc. announced an agreement to acquire rival Nicor Inc. for about $2.4 billion in cash and stock, creating a leading natural gas distributor in the U.S.
Crude production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in November by around 70,000 barrels per day (bpd) to 29.1 million bpd, a Platts survey of oil industry officials and analysts showed on Monday.
The brokerage reiterated its 'outperform' rating on shares of the industrial products maker, while increasing its price target to $62 from $60.
Singapore Airlines Cargo (SIA Cargo) has agreed to plead guilty in a price-fixing case and pay a $48 million criminal fine, the U.S. Justice Department has announced.
U.K. homebuilder Berkeley Group said it was confident of outperforming its full-year expectations, saying there is an underlying demand for the well-located, quality homes developed by Berkeley in London and the South East.
Nissan Motor Co.'s zero emission vehicle and the 100 percent electric car Nissan Leaf was awarded the title of European Car of the Year for 2011. Leaf, thus, becomes the first all-electric car to take the prestigious title.
Nissan Motor Co said on Friday that it plans to launch all electric vehicle Nissan Leaf in Japan on December 20 and in the US by month end.
ON Semiconductor is boosting its purchase price of Sanyo Semiconductor, according to a Securities and Exchange Commission filing.
Gold touched a 1-week high for Dollar investors but broke new all-time records for Euro and Sterling buyers on Tuesday morning, as industrial commodities slipped and the US currency rose against all competitors bar the Japanese Yen.
China has said it will revise penalties on price manipulations, stepping up its measures to tackle inflation.
GBP/USD has fallen to a 2-month low on Tuesday helped by safe-haven interest in the US dollar and investors are now seeking nearest supports for the pair as they await positive-looking economic data from the US, due later in the day.
Surging demand from China, the world's second-largest gold buyer, is changing seasonal patterns in Gold Price trends for investors everywhere. At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner).
Peter Andre rushed to hospital for stomach pain, his UK tour has been postponed
UBS Securities upgraded rating of Spectra Energy Partners, LP (SEP) to 'neutral' from 'sell' based on valuation, while reiterating its price target of $34.
