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 | NEW YORK (UPI) -- Gold closed slightly up on the Comex division of the New York Mercantile Exchange Monday, gaining 70 cents to $1,557.10 per troy ounce as the dollar wavered.
Silver prices, meanwhile, fell more than 5 percent Monday, closing the session at $46.08, off $2.52.
Gold traded as high as $1,577.40 during the session, an intra-day record, getting a boost from a weak dollar and safe-haven bidding based on fears of retaliation attacks for the death of al-Qaida ...
Continue Reading... Post a Comment | Share CHICAGO (UPI) -- Grain futures closed lower Monday on the Chicago Board of Trade on weather concerns and a lower dollar.
Corn was off 8 1/4 to off 23 1/4, soybeans off 1/2 to off 2 1/2, wheat off 9 1/2 to off 11 1/2 and oats off 8 to off 10.
Forecasts for dryer weather in the Corn Belt that would enable farmers to plant dampened the market, which also saw pressure from export inspections showing just 34.63 million bushels of corn on tap for export compared with 36.58 ...
Continue Reading... Post a Comment | Share WASHINGTON (UPI) -- The U.S. Treasury Department will implement measures this week to buy time before the debt ceiling is reached, Treasury Secretary Timothy Geithner said Monday.
Awaiting congressional action is consideration of whether to raise the debt ceiling beyond $14.3 trillion.
"This letter is to inform you of the extraordinary measures the Treasury Department will begin taking this week in anticipation of the date the debt limit will be reached, and to provide an ...
Continue Reading... Post a Comment | Share | | Advertisement | NEW YORK (UPI) -- U.S. stock indexes started strong then slid steadily during the trading day Monday, closing in the negative on mixed economic reports.
The Dow Jones industrial average lost 3.18 points, 0.02 percent, to end the trading session at 12,807.36.
The Nasdaq dropped 9.46 points to 2,864.08, a loss of 0.33 percent .
The Standard & Poor's 500 closed at 1,361.22 points, down 2.39, or 0.18 percent.
Stocks began their retreat after European ...
Continue Reading... Post a Comment | Share |  | | | More Headlines • Chrysler records first profit since 2009
• Oil, other commodities end trading lower
• Southwest-AirTran merger in effect
• Google: Location data critical
• Construction spending up in March
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