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Beef recall announced over E. coli fears
NEW YORK, Sept. 7 (UPI) -- Gold gained sharply Friday on the Comex division of the New York Mercantile Exchange, as the dollar index dropped 1.17 percent.
Gold gained for the fifth consecutive trading session, adding $34.90 to $1,740.50.
Gold is finding support from the weaker dollar and from anticipation of a third round of quantitative easing, which many expect the U.S. Federal Reserve to announce Thursday.
Silver also rose, gaining $1.06 to $33.69 per ounce.
The Canadian dollar rose against the greenback to 97.85 cents and the British pound rose to $1.6009. The euro reached $1.2816, while the dollar fell to 78.24 yen.
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| Additional Business News Stories | |
LONDON, June 19 (UPI) --
An oil company working in northern Iraq said Wednesday it was looking to confirm the region may be one of the best in the world in terms of resource potential.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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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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