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Saab upgrading bid for Brazil FX-2 contest
NEW YORK, Dec. 26 (UPI) -- Gold and silver shifted slightly higher in New York Wednesday with investors focused on budget talks put on hold in Washington.
President Barack Obama is expected back in Washington Thursday from a vacation in an effort to avert a default budget the Congressional Budget Office predicted would drag the U.S. economy back into a recession.
The weaker dollar provided some pressure with the dollar index up 0.15 percent to 79.65 on the International Exchange.
On the New York Mercantile Exchange, gold for February delivery added 80 cents or 0.05 percent to $1,660.30 per troy ounce.
Silver for March delivery added 21 cents or 0.71 percent to $30.11 an ounce.
The euro was trading at $1.3226 from Tuesday's 1.3183. The dollar rose to 85.52 yen from Tuesday's 84.81 yen.
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| Additional Business News Stories | |
BEIRUT, Lebanon, May 22 (UPI) --
The seizure of Syrian oil fields by the al-Nusra Front could accelerate the breakup of Syria amid a reshaping of the Middle East's geopolitical landscape.
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OTTAWA, May 22 (UPI) --
Canadian Prime Minister Stephen Harper faces more embarrassing questions as new evidence suggests the nation's strategy for building a strong arctic naval force is out of control.
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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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