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Beef recall announced over E. coli fears
NEW YORK, June 27 (UPI) -- Gold prices shifted slightly lower on the Comex division of the New York Mercantile Exchange Wednesday, dropping 60 cents to settle at $1,572.20 per troy ounce.
Silver shed 20 cents and closed at $26.90 per troy ounce.
Commodities have held steady, almost at a crouch, through the week, with trading subdued in advance of a European Union summit scheduled for Thursday and Friday.
There are big ideas on the agenda, including rescue efforts for Spain, Cyprus and for European banks in general. Traders are reluctant to make strong moves in advance of a possible policy announcement.
On Wednesday, the dollar index was flat, rising 0.19 percent to 82.55 on the Intentional Exchange, regaining about what was lost in the prior trading session.
The euro fell to $1.247 from Tuesday's $1.2496. Against the yen, the dollar rose to 79.70 yen from 79.51 yen.
The British pound fell to $1.5569 from $1.5643. The dollar rose to 1.0249 Canadian dollars from 1.0238 Canadian.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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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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