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Gallup: Family of four needs an average $58,000 a year
NEW YORK, July 11 (UPI) -- Gold futures fell Wednesday on the New York Mercantile Exchange after the release of Federal Reserve report showed little support for increased stimulus.
August gold fell $12.30, or 0.8 percent, to $1,567.50 on the Comex division of the New York Mercantile Exchange.
September silver dropped after the Fed report to $27.03 per troy ounce.
The euro fell to a two-year low after the report and was $1.2236 late Wednesday from Tuesday's $1.2239. Against the yen, the dollar was 79.62 yen from 79.76 yen.
The British pound was $1.5511 from $1.5503.
The Intercontinental Exchange Dollar Index was slightly higher at 83.49.
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| Additional Business News Stories | |
TEHRAN, May 21 (UPI) --
Iran will invest $16 billion in development of the offshore South Pars gas complex over the next 10 months, a natural gas company director said.
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RIO DE JANEIRO, May 20 (UPI) --
Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.
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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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