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Crude oil pushes toward $96
NEW YORK, Feb. 11 (UPI) -- The price of gold dropped Monday on the New York Mercantile Exchange, as traders contemplated a Group of Seven nations currency statement.
Ahead of a Group of 20 meeting scheduled for this week in Moscow, the Group of Seven -- the United States, Britain, France, Germany, Italy, Canada and Japan -- are expected to issue a statement critical of currency manipulation.
This caused traders to rethink their positions in precious metals.
On the Comex listing, gold gave up $20.20 or more than 1 percent to finish at $1,647.90 per troy ounce. Silver dropped 49 cents to settled at $30.94 an ounce.
Against the dollar, the euro rose to $1.341 from Friday's $1.3372. The dollar rose to 94.25 yen from 92.76 yen. The dollar index rose 0.19 percent on the International Exchange.
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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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