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New rules for olive oil in Europe
NEW YORK, July 18 (UPI) -- Gold futures dropped Wednesday for the third consecutive trading session, though the dollar index was neutral after early gains.
The dollar index, a pro-rated measure of the greenback's value compared with six major currencies, fell 0.07 percent to 82.97 on the International Exchange.
Gold for August delivery shed $16.70 or 1.05 percent to $1,572.80 per troy ounce on the Comex division of the New York Mercantile Exchange.
September silver futures shed 16 cents, or 0.59 percent, to $27.15 an ounce.
Early strength in the dollar pressured metals Wednesday, the dollar gaining with expectations of a new round of quantitative easing diminishing after Federal Reserve Chairman Ben Bernanke testified in Washington.
By close of trading, the euro fell to $1.2278 from $1.2295. Against the yen, the dollar was lower at 78.80 yen compared with Tuesday's 79.07 yen.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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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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