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Beef recall announced over E. coli fears
NEW YORK, July 6 (UPI) -- Gold prices dropped Friday for the second day, shedding $30.50 to settle at $1,578.90 an ounce on the Comex division of the New York Mercantile Exchange.
Gold couldn't fend off pressure from the broader market decline because of a weak jobs report and the rising dollar, Rohit Savant, an analyst with CPM Group in New York, told MarketWatch.com.
"We are seeing weaker and negative sentiment following the jobs report," Savant said.
Silver prices also fell, losing 75 cents to close at $26.92 an ounce
The euro was $1.2218 Friday from $1.239 Thursday. Against the yen, the dollar fell to 79.62 yen from 79.92 yen.
The British pound was $1.5483 from $1.5529 Thursday. The dollar was 1.0184 from 1.0143 Canadian dollars Thursday.
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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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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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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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