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Crude oil pushes toward $96
NEW YORK, March 1 (UPI) -- Gold prices settled at their lowest since mid-summer Friday, down $5.80 to $1,572.30 an ounce on the Comex division of the New York Mercantile Exchange.
FactSet said the settlement, the third consecutive down day, was the lowest since July 18.
Analysts gave MarketWatch.com two reasons: investor fatigue and the market geared up for the automatic $85 billion in budget cuts known as the sequester, which some say may be supportive for gold.
The price for silver closed up 6 cents at $28.49 an ounce.
The dollar index was 82.329 on the International Exchange Friday, up from 81.97 Thursday.
Against the dollar the euro was $1.3026 from Thursday's $1.3056. Against the yen, the dollar was 93.59 yen from 92.62 yen.
The British pound was 1.5029 from $1.5159 Thursday. The dollar was 1.0271 Canadian dollars from 1.0308 Canadian dollars.
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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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