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  • 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 fall as weekend euro zone nation elections capture attention

May 04, 2012 12:19 PM

Friday saw gold futures dropping as the yellowish metal tracked the downward drive of the shared currency of the European Union, according to Reuters.

Two key nations in the euro zone are slated to conduct national elections this weekend, which are under scrutiny in the debt-hobbled region. Greece has accepted two tranches of international bailout aid as it fights to stay solvent amid duress of the sovereign debt crisis. France is host of the region's second-largest economic system, trailing only that of Germany.

Both electoral events are likely to impact the euro, the performance of which is typically tracked by the yellowish metal.

At 8:34 a.m. on Friday, gold futures backtracked 0.19 percent, a $3.10 fall to $1,637.90 per troy ounce.

Investors, traders and other market enthusiasts are keeping a close eye on economic data scheduled to be released Friday by the U.S. government, MarketWatch reports. The U.S. Department of Labor was slated to disclose jobless claim information from April, which will become part of the conversation about whether the nation employs another round of economy-spurring measures that typically benefit the price of the precious metal.

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