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Saab upgrading bid for Brazil FX-2 contest
NEW YORK, Dec. 27 (UPI) -- Gold and silver prices rose in New York Thursday with lawmakers returning to Washington to attempt to hammer out a budget agreement.
The budget impasse has stalled movement in metal prices, as traders are cautious about changing bets in the face of so much uncertainty. Investors, however, withdrew from equity positions Thursday seeking a safer bet, driving up gold and silver.
The dollar index moved marginally Thursday, climbing 0.05 percent on the International Exchange.
On the New York Mercantile Exchange, gold for February delivery added $3.20 cents or 0.19 percent to $1,663.90 per troy ounce.
Silver for March delivery added 15 cents or 0.48 percent to $30.17 an ounce.
The euro was trading at $1.3236 from Wednesday's 1.3237. The dollar rose to 86.34 yen from Wednesday's 86.11 yen.
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Maintaining a flat level of natural gas production from U.S. shale deposits is an elusive prospect, an energy policy director told U.S. lawmakers.
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More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
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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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