bullion

U.S. Stocks Dip Slightly for Week, Bullion Soars

Topix - Business News  Sat, 10/02/2010 - 17:19

Precious metals rallied Friday, capping a third straight week of gains. A slumping dollar and expectations of quantitative easing from the Fed continued to drive gold to new records and silver to fresh 30-year highs...


 

Business and Bullion Recap for 2nd Week of August

Topix - Business News  Sun, 08/15/2010 - 10:48

Safe-haven buying lifted U.S. gold prices to a six-week high on Thursday before a stronger dollar pressured the yellow metal to close 10 cents lower on Friday.

Crude oil and U.S. stocks finished lower Friday, marking four straight declining days. It was the worst week in six for...


 

Business & Bullion Weekly Report - July 10, 2010

Topix - Business News  Sat, 07/17/2010 - 19:24

A sharp drop in consumer sentiment and falling inflation helped take U.S. gold to its knees on Friday. The yellow metal was hit for its biggest one-day drop since July 1, accounting for nearly all of its 1.8 percent weekly loss.

Sour consumer sentiment, coupled with weaker than expected corporate earnings reports, was also cited for Friday's 61 cent drop in crude oil and sharp declines in U.S. stocks....


 

Business & Bullion Weekly Report - April 24, 2010

Topix - Business News  Sat, 04/24/2010 - 09:56

U.S. stocks rallied, lifted by an unexpected 27 percent jump in new home sales for March - the biggest increase since 1963.

The Dow, Nasdaq and S&P 500 closed with fresh 2010 highs. Major European indexes rose on Friday as well, but were mixed for the week.

Gold and silver gained in New York on Friday, spurred by ...


 

Business & Bullion Weekend Report - Jan 23

Topix - Business News  Sat, 01/23/2010 - 13:38

Precious metals plunged this week as prices began tumbling Wednesday as the US dollar advanced on investor concerns over China-curbed lending.

The metals suffered another blow on Thursday following President Obama's proposal to increase bank regulations as a means to limit their risk-taking.

These two factors were commonly cited as reasons for pulling down other markets ...


 

Business & Bullion Weekly Report - Jan 16

Topix - Business News  Sat, 01/16/2010 - 14:27

US stocks on Friday had their worst trading day of the year, and finished the week lower. European stocks also ended down.

Precious metals pulled back from last week's heightened bullish attitude, although platinum still enjoyed healthy weekly gains in both New York and London.


 

Business and Bullion Weekend Report - Jan 9

Topix - Business News  Sat, 01/09/2010 - 14:38

Precious metals were on fire with weekly gains in New York ranging between 3.9 to 9.6 percent and in London from 2.1 to 7.0 percent...

Crude oil and prices at the pump also surged. New York oil jumped 4.3 percent this week while the average cost of regular unleaded gasoline in the US spurred ahead 10.8 cents.

In stocks, major US indexes enjoyed weekly gains of between 1.8 percent and 2.7 percent while European stocks rose to a 15-month high.


 

Business & Bullion Weekend Report - Dec. 19

Topix - Business News  Sat, 12/19/2009 - 15:05

Gold gained on Friday but recorded another weekly decline as a stronger US dollar, which hit a three-month high this week, pulled prices down.

Bullion generally moves opposite of the greenback. Silver and platinum managed modest gains in New York, but retreated in London.

The dollar's strength was also cited as a catalyst in curbing investor appeal toward riskier assets, as in stocks.

Major US and European indexes were mixed on the last full trading week in 2009.


 

Business & Bullion Weekend Report - Oct. 31

Topix - Business News  Sat, 10/31/2009 - 11:02

Precious metals retreated on the week as prices fell following a stronger US dollar. New York crude oil dropped the most in a month on Friday, yet still managed an October rise of 9 percent.

US stocks also declined sharply Friday to mark their worst one-day slide since April. The Dow, S&P and Nasdaq registered respective weekly losses of 2.6 percent, 4.0 percent, and 5.1 percent.


 

Business & Bullion Weekend Report - Sept. 26

Topix - Business News  Sat, 09/26/2009 - 12:41

Precious metal prices turned south, ending the week down for the first time since mid-July. In notable declines, gold retreated below $1,000 an ounce, silver slipped toward $16, and platinum dropped under $1,290.

New York oil futures turned higher on Friday but plunged 8% for the week. US and European stocks finished lower as well, with ...