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Beef recall announced over E. coli fears
NEW YORK, Sept. 5 (UPI) -- Gold added 50 cents an ounce Wednesday on the Comex division of the New York Mercantile Exchange, gaining for the third consecutive trading session.
Traders are choosing gold in anticipation of the Federal Reserve initiating a third round of quantitative easing. In addition, economic data has cast a shadow over equities in the past week.
Gold closed at $1,695.50 a troy ounce while silver shed 11 cents to $32.30.
The dollar index fell 0.14 percent to 81.23. For most of a week, the dollar has shown little movement.
The Canadian dollar fell to 99.05 cents and the British pound rose to $1.5901 while the euro rose to $1.2602 and the dollar fell to 78.39 yen.
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| Additional Business News Stories | |
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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