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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Gold futures endure minimal losses have three heavier days of dives

Oct 10, 2012 04:49 PM

Gold futures edged down in value on Wednesday after the precious metal endured three consecutive sessions of losses, MarketWatch reports.

Preoccupations about the well-being of the 17-nation euro zone are causing concerns about the global economy. Spain, defying widespread market expectations, has not solicited international bailout aid as the sovereign debt crisis pushes toward a third year of attacking euro zone nations' banks, markets and public finance systems.

"With euro policy makers back to jawboning, not acting, and without a major central-bank decision until the [U.S. Federal Reserve] on Oct. 24, gold is looking listless at present," research head Adrian Ash with BullionVault told the news source. "It has already been stuck in a $40 range for almost four weeks now."

At 4:30 p.m. on Wednesday, gold futures edged down 0.02 percent, a 40 cent slip to $1,764.60 per troy ounce.

The Associated Press reports vice president George Gero with RBC Global Futures said reduced interest rates, Syria and Turkey feuding and the sovereign debt crisis all are factors that make a bullion sell-off unlikely.

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