new york gold

Gold Rises 1.2%, US Stocks End Mixed

Topix - Business News  Wed, 12/16/2009 - 18:45

New York gold futures put up their biggest numbers in two weeks on Wednesday, as the US dollar retreated prior to the Fed's announcement that it would keep interest rates unchanged.

Other precious metals followed with silver rising 1.4 percent and platinum inching 0.4 percent higher. Crude oil rallied nearly 3 percent and briefly reached over $73 a barrel.

US Stocks ended mixed.


 

Business & Bullion Weekend Report - Dec. 5

Topix - Business News  Sat, 12/05/2009 - 12:24

Commodities plunged on Friday as the US dollar firmed following a Labor Department report showing that employers cut fewer jobs last month.

The unemployment rate fell to 10 percent from the prior 10.2 percent reading. Precious metals retreated in London earlier in the day, but the employment news brought New York gold, silver and platinum prices sharply lower....


 

Gold and US Stocks Hit '09 Highs

Topix - Business News  Mon, 11/16/2009 - 16:51

Commodities were on fire Monday as another drop in the US dollar weighed into the mix. New York gold futures surged 2.0 percent to a fresh all-time high while silver soared 5.9 percent.

Crude oil rebounded from a one-month low. US stocks joined in with their own rally, as the major indexes reached new '09 highs ...