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House sidesteps Obama on Keystone XL
NEW YORK, June 4 (UPI) -- Gold futures held steady Monday after climbing almost 4 percent in the previous trading session on Wall Street.
Gold added $61.30 Friday, but gave up 40 cents Monday to close at $1,621.70 per troy ounce on the Comex division of the New York Mercantile Exchange.
Investors are seeking a safe haven from slumping equity markets. U.S. markets were slightly lower Monday, but that did not set up frenetic gold-buying reaction that took place with the Dow Jones industrial average's performance Friday, when it gave up 274.88 points to reach, at that point, a low for the year.
Silver on Monday lost 24 cents to $28.26 per troy ounce.
The dollar index lost 0.3 percent to 82.55 as the euro extended gains to a second session, rising to $1.2492 from Friday's $1.2435.
Against the yen, the dollar reached 78.36 yen from Friday's 77.99 yen.
The British pound was $1.5377 from $1.5362. The dollar was 1.0399 Canadian dollars from 1.0411 Canadian.
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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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