Gold prices rose on Thursday in choppy trade, with strong physical demand and gains in the euro lending support, but investors remained cautious towards the precious metal after this month's intense volatility.
Silver mining company shares rose solidly Thursday, even though the price of silver itself was up a mere 0.4 percent.
Gold prices held steady Thursday after German lawmakers, by a surprisingly large majority, accepted a bigger financial burdern in bailing out weak Eurozone economies and strong Asian demand for physical gold offset a weaker dollar.
THE ISSUE: The S&P Indices/Case Shiller recorded a fourth consecutive month of increases. Existing home sales jumped in the latest report. Low-rate mortgages have boosted affordability measures. Is it time for investors to start looking for real estate?
THE ISSUE: The S&P Indices/Case Shiller recorded a fourth consecutive month of increases. Existing home sales jumped in the latest report. Low-rate mortgages have boosted affordability measures. Is it time for investors to start looking for real estate?
Mongolia's quest to renegotiate a 2009 deal to develop the giant Oyu Tolgoi copper-gold deposit might create a crisis of trust for foreign investors, but analysts said the decision could help it through a difficult legislative session starting next week.
stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.9 to 1.2 percent.
India is moving quickly on a plan to open its $450 billion retail sector to global players such as Wal-Mart, the country's industry secretary said on Wednesday, in a sign the government may be pressing ahead with a key reform.
Global energy prices that have remained steadily high restrict the elbow room for monetary policy response, deputy governor of the Reserve Bank of India said, highlighting the uphill task the bank faces in its fight against stubbornly high inflation.
Debt-strapped Kingfisher Airlines plans to exit its low-cost business in the next four months and focus on the premium model, Chairman Vijay Mallya said, breaking with rival carriers which are mostly betting on the budget space.
Deutsche Telekom subsidiary T-Mobile USA has joined Samsung’s side in fighting a lawsuit by Apple to stop the sale Samsung telephones, saying that their fight could hurt carrier business.
Interest in the London Metal Exchange as a takeover target has snowballed and the number of suitors has risen to double digits because business is booming with volumes at record levels, its chief executive Martin Abbott said.
Fitch Ratings affirms the 'AA+' ratings on the following Santa Margarita/Dana Point Authority, CA (the authority) general obligation (GO) and GO refunding bonds:
The speculated release of the iPhone 5 smartphone by Apple (AAPL) will likely juice the shares of AT&T's (T) by attracting hundreds of thousands of younger adult subscribers to AT&T's stable. Those extra subscribers should also help T improve its network quicker -- something the company needs to do.
Goldman Sachs Group Inc and TCW Asset Management Co won dismissal on Wednesday of a lawsuit by German state-owned Landesbank Baden-Wurttemberg over a derivative product that lost money during the credit crisis.
U.S. Federal Reserve Chairman Bernanke speech Wednesday at the Cleveland Clinic 'Ideas for Tomorrow' Series:
The heads of two of the world's most powerful private equity firms issued a dire report on the U.S. economy on Wednesday, signaling problems for political leaders and their own firms' ability to realize profit on their portfolios.
Ardent Mines Ltd. expects to buy mineral rights in north-central Brazil next month, the U.S.-based company said Wednesday.
UBS AG interim Chief Executive Sergio Ermotti appealed to staff in an internal memo to back efforts to make the bank less complex and risky, following a $2.3 billion loss from unauthorized trading.
Gold prices slumped 2 percent Wednesday as investors braced for a key vote on the future of the European bailout fund and readjusted portfolios ahead of the fourth quarter.
On Monday gold concluded its biggest three-day plunge in nearly 30 years, and prices struggled Wednesday under the weight of three factors -- the absence of which would sharply boost the chance of the yellow metal to resume its climb toward $2,000 per troy ounce.
The speculated release of the iPhone 5 smartphone by Apple (AAPL) will likely juice the shares of AT&T's (T) by attracting hundreds of thousands of younger adult subscribers to AT&T's stable. Those extra subscribers should also help T improve its network quicker -- something the company needs to do.
