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More to U.S. oil than North Dakota, EIA says
NEW YORK, May 9 (UPI) -- Gold prices dropped again Wednesday, sliding below $1,600 and hitting their lowest point of the year on the Comex division of the New York Mercantile Exchange.
As the dollar index rose and equities headed south, gold shed $10.30 to $1,594.20 per troy ounce. That's the lowest since Dec. 30 when it was at $1,565.30.
Silver shed 21 cents to $29.24 per ounce.
The dollar index rose 0.36 percent to 80.15 on the International Exchange, although the greenback was mixed in Asia and Europe.
The euro fell to $1.2934 from Tuesday's $1.3007. Against the yen, the dollar fell to 79.64 yen from 79.87 yen.
The British pound rose to $1.6131 from $1.6128. The dollar fell to 1.0023 Canadian dollars from 1.0024 Canadian.
The dollar dropped against the Hong Kong dollar, trading at 7.7633 from 7.7637. The Australian dollar fell to $1.0042 from $1.0051.
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MOSCOW, May 24 (UPI) --
Russia's decision to suspend its use of an Azerbaijani oil pipeline isn't the result of political tensions, Foreign Minister Sergei Lavrov says.
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MANILA, May 24 (UPI) --
The Philippines is determined to spend $1.8 billion on military upgrades -- mostly naval -- to protect the country against "bullies" in its territorial waters.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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