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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
NEW YORK, July 27 (UPI) -- Gold prices moved higher Friday on the Comex division of the New York Mercantile Exchange as equities rose for the second consecutive trading session.
Gold added $7.30 and reached $1,627.10 per troy ounce. Silver ended at $27.69 per troy ounce, up 24 cents.
Markets moved higher on the pledge by European Central Bank President Mario Draghi to do "whatever it takes," to support the euro.
On Friday, the U.S. Commerce Department said the U.S. gross domestic product rose 1.5 percent in the second quarter. That was a slowdown from the first quarter, when the economy grew 2 percent but it was higher than the 1.3 percent consensus forecast.
The euro rose to $1.22322 from Thursday's $1.2283. Against the yen, the dollar rose to 78.46 yen from 78.22 yen.
On the International Exchange, the dollar index, a prorated measure of the dollar compared with six other major currencies, fell 0.25 percent to 82.61.
The British pound rose to $1.5746 from $1.5687. The dollar fell to 1.0031 Canadian from 1.0099 Canadian.
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BUCHAREST, Romania, May 21 (UPI) --
Governments in central and southern Europe issued a joint declaration from Romania expressing support for the planned Nabucco natural gas pipeline.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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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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