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Crude oil pushes toward $96
NEW YORK, Jan. 9 (UPI) -- The price of gold lost more ground Wednesday in New York, as equities pulled out of a slump and the dollar index rose.
Gold prices dropped for the fourth session out of the past five, shedding $4.40 or 0.26 percent to settle at $1,657.80 per troy ounce on the Comex division of the New York Mercantile Exchange.
Silver gave up 11 cents or 0.34 percent, to $30.36 per ounce.
The dollar index, which measures the U.S. dollar against six other major currencies on a pro-rated scale, rose 0.32 percent to 80.58 on the International Exchange.
The dollar was broadly higher in Europe and lower in most of Asia. In the Americas, the dollar rose against Argentina's peso, the Brazilian real and the Canadian dollar. It fell against Mexico's peso.
By close of trading, the euro fell to $1.3056 from Tuesday's $1.3081. The dollar was 88.04 yen from Tuesday's 87.04 yen.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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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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