UN temporarily closes offices in Pakistan after attack in capital kills 3 peopleOctober 5th, 2009 UN closes offices in Pakistan after attackISLAMABAD — The United Nations says it has temporarily closed its offices in Pakistan following the attack on the World Food Program office in the capital of Islamabad. UN spokesman Ishrat Rizvi said no specific threat had been received and the move was a precaution following Monday's attack that killed three people.
As dollar regains some footing, commodities slide further; gold closes below $1,000September 24th, 2009 Commodities extend slide as dollar gains groundNEW YORK — Gold prices finished below the $1,000 mark for the first time in two weeks Thursday as the dollar rose against other currencies. Prices for other commodities like silver, oil and gasoline also dropped sharply, while the U.S.
Gold, other metals pullback for second straight day as dollar strengthensSeptember 18th, 2009 Gold, other metals slip for second straight dayNEW YORK — Gold and other metals slipped for the second straight day, along with most other commodities, as stocks and the U.S. dollar both posted gains Friday.
Gold, other metals give back some of recent gains after touching fresh highsSeptember 17th, 2009 Gold, other metals slip after recent gainsNEW YORK — Gold and other metals gave back some of their recent gains Thursday, but not before marking fresh highs. Gold for December delivery lost $6.70 to finish trading at $1,013.50 an ounce on the New York Mercantile Exchange, after earlier rising to a new 18-month high of $1,025.80 an ounce.
Meltdown 101: How did gold get to be $1,000 an ounce, and why does it matter?September 8th, 2009 Meltdown 101: Why does $1,000/ounce gold matter?NEW YORK — Gold prices rose above $1,000 an ounce Tuesday for the first time in seven months, mostly because of a weak dollar that's driving people to other investments they perceive as safe. How is the increase in price — which has accelerated in recent weeks — likely to affect jewelry shoppers? What about people who invest in gold, or the economy as a whole?
Here are some questions and answers about the high price of gold.
Barrick Gold sells stake in silver production at mines to Silver Wheaton for $625 millionSeptember 8th, 2009 Barrick sells production stake to Silver WheatonDENVER — Barrick Gold Corp., the world's biggest gold producer, on Tuesday agreed to sell silver reserves from four of its mines to Silver Wheaton Corp. in a deal worth $625 million.
Canada's Eldorado Gold to acquire rest of Sino Gold Mining for $1.8B in stockAugust 26th, 2009 Eldorado to acquire rest of Sino GoldVANCOUVER, British Columbia — Canada's Eldorado Gold Corp. says it has agreed to buy all remaining shares of Australia's Sino Gold Mining Ltd.
Gold prices rise modestly as dollar slips against euro, British poundJune 2nd, 2009 More weakness in dollar supports gold pricesNEW YORK — Gold prices rose modestly Tuesday supported by more weakness in the dollar. Gold for August delivery inched up $4.40 to settle at $984.40 an ounce on the New York Mercantile Exchange.
Gold prices little changed as rally on Wall Street dampens investment demandMay 9th, 2009 Gold prices hold steady as Wall Street ralliesNEW YORK — Gold prices are holding steady as a rally in stocks keeps demand for the safe-haven asset in check. Other commodities, like oil and grains, are surging on the day's upbeat economic data.
Gold, other commodities move higher, buoyed by falling dollar, rising stocksMay 8th, 2009 Gold moves higher as dollar falls, stocks rallyNEW YORK — Gold prices and other commodities are higher, buoyed by a falling dollar and an increasingly upbeat outlook on the economy. Positive news about banks' balance sheets has driven investors into stocks and other more risky assets and away from the dollar, which is considered a safe haven.
Gold prices slide further, close below $900 an ounce as swine flu fears batter commoditiesApril 28th, 2009 Gold prices fall, close below $900 an ounceNEW YORK — Gold prices are lower as fears of a global swine flu pandemic rattle commodities markets. Oil and other metals have also fallen, while agriculture futures are up slightly.
Gold closes above $900 for first time in weeks, rising for 2nd straight dayApril 23rd, 2009 Gold prices rise for 2nd-straight dayNEW YORK — Gold prices closed above $900 for the first time in three weeks on Thursday as investors moved some money back into the safe-haven investment while stocks wavered on Wall Street. Oil prices were slightly higher, while grain prices mostly rose.
Gold prices dip as remarks from Treasury Secretary Geithner spur buying on Wall StreetApril 21st, 2009 Gold prices dip as stocks move higherNEW YORK — Gold prices are slightly lower as stocks gain ground. Oil prices are flat, while grain prices are up.
Federal judge in NYC closes piracy suspect's hearing to public because he may be a juvenileApril 21st, 2009 Fed judge in NYC closes piracy suspect's hearingNEW YORK — A federal judge in New York has determined that the sole survivor of a pirate attack on an American cargo ship off the Somali coast is an adult. On Tuesday, prosecutors and defense attorneys argued in a New York courtroom over whether Abdiwali Abdiqadir Muse is a juvenile or an adult.
Gold futures hover around record highMarch 3rd, 2009 MUMBAI - Gold was hovering around Rs.16,040 per 10 grams in intra-day trade Monday, an all-time trading price high, with consumers avoiding buying new gold and preferring to exchange old gold for new. Around 1:40 p.m., gold's April futures prices touched a high of Rs.15,968 per 10 grams at the Multi Commodity Exchange as the rupee continued to reign at over Rs.50 to the dollar.
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