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Beef recall announced over E. coli fears
NEW YORK, July 16 (UPI) -- Gold futures failed to make headway Monday, despite a drop in the dollar index.
The dollar index, a pro-rated measure of the greenback's value compared with six major currencies, fell 0.24 percent to 83.10 on the International Exchange.
Gold for August delivery followed equities lower, dropping 70 cents or 0.04 percent to $1,591.30 per troy ounce on the Comex division of the New York Mercantile Exchange.
September silver futures shed 2 cents, or 0.09 percent to $27.34 an ounce.
The euro rose to $1.2278 not far from its all time low below $1.22 reached last week. Against the yen, the dollar was 78.82 yen compared with Friday's 79.20 yen.
The British pound was $1.563 from $1.5574.
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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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