INVESTMENT

Gold prices will rise later this year and into next year, Goldman Sachs said Tuesday, in a note expressing relative optimism about the near-term prospects for the global economy.

Uncertainty over Yahoo may have attracted interest from Russia’s Digital Sky Technologies as well as from China’s Alibaba Group and Silver Lake Partners.

U.S stock futures are down on Tuesday as Eurozone debt crisis fears intensified on authorities’ inability to step up and calm the situation.

The top pre-market NASDAQ Stock Market gainers are: SunPower, SodaStream International, Yahoo, Netflix, and LM Ericsson Telephone. The top pre-market NASDAQ Stock Market losers are: Human Genome Sciences, Savient Pharmaceuticals, ATP Oil & Gas, Century Aluminum, and JDS Uniphase.

Gold prices fell Tuesday, weighed down by panicking investors preparing for the fallout of a Greek sovereign debt default -- damage to European banks and falling business activity on the continent and perhaps the U.S. -- by dumping stocks and abandoning the euro and buying dollars.

The CME Group raised trading margins on platinum and copper futures, hoping to tame volatility in products that have fallen sharply as markets witness what is turning out to be the worst rout since the 2008 financial crisis.

World stocks hit a fresh 15-month low on Tuesday while the dollar neared a nine-month peak on growing doubts over Greece's ability to avert a default that would spark a major banking crisis in Europe and accelerate a global economic slowdown.

A series of emails released by the House Of Representative's Energy and Commerce committee show that Solyndra investors as well as White House officials questioned Solyndra's financial stability as early as December 2009.

Gold rose 1.6 percent on Monday, its biggest one-day gain in a month, as bullion resumed its role as a haven from turmoil following its worst monthly loss since the financial crisis in 2008.

Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board, the country's finance minister said on Monday days after a highly publicized clash between Carney and one of the world's most powerful bankers.

Signs of a U.S. recession, if not a global recession, are multiplying daily -- so much so that the cover on the latest issue of The Economist shows a black hole with the words, Be Afraid.

CME Group Inc., the biggest operator of U.S. futures exchanges, said it will more than double the amount of physical gold it can accept from its clearing members as collateral.

Starbucks CEO Howard Shultz has teamed up with Operation Finance Network to establish the Create Jobs for USA, a fund for job growth.

European Goldfields said an investment deal with Qatar Holdings will enable it to fully finance projects in Greece at a time when its options were narrowing due to fiscal and economic uncertainty in the country.

"The bottom line is that we don't want to leave Illinois, but the structure that exists as it relates to exchanges is virtually punitive."

Malawi has awarded oil exploration licences to UK-based firm Surestream Petroleum to search for oil in the country's main lake, the minister of energy said on Monday.

Wealthy individuals should buy gold as the yellow metal has become an attractive investment following last month's sharp reversal, private bankers in Asia said on Monday.

Ivanhoe Mines said on Monday it has advised the Mongolian government it is not prepared to renegotiate a landmark ownership deal at the massive Oyu Tolgoi copper-gold project in Mongolia's South Gobi region.

Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.

Yahoo shares jumped more than 5percent Monday after the chairman of China’s Alibaba said he’s interested in buying it, and Yahoo announced a news alliance with ABC News.

Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.