By Frank Tang NEW YORK | Fri Nov 2, 2012 1:18pm EDT (Reuters) – Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks. Bullion hit a two-month…
By Frank Tang NEW YORK | Fri Oct 26, 2012 12:18pm EDT (Reuters) – Gold rebounded on Friday after data showed U.S. economic growth picked up in the third quarter, but the metal was heading for its first three-week losing streak in over a year on uncertainty over the future of the U.S. Federal Reserve’s monetary stimulus….
By Frank Tang NEW YORK | Tue Oct 16, 2012 2:56pm EDT (Reuters) – Gold rose on Tuesday to snap two days of hefty losses lifted by a broad dollar drop and by data showing U.S. consumer prices climbed but not enough to derail the Federal Reserve’s ultra-easy monetary policy. The metal rebounded from Monday’s one-month low,…
Published: Tuesday, 16 Oct 2012 | 10:54 AM ET NEW YORK (Reuters) – World shares rose for a second day on Tuesday and the euro rallied against the U.S. dollar after a report said Germany could show greater flexibility toward aid to Spain and as U.S. corporate earnings surprised on the upside. Returning confidence in Germany…
Tue Oct 16, 2012 9:12am EDT * Johnson & Johnson, UnitedHealth Group raise profit views * Goldman reports stronger-than-expected profit * Citigroup CEO Pandit unexpectedly resigns, shares fall * Futures up: Dow 58 pts, S&P 6.5 pts, Nasdaq 12.75 pts By Ryan Vlastelica NEW YORK, Oct 16 (Reuters) – U.S. stock index futures pointed to a higher open on…
Published: Tuesday, 16 Oct 2012 | 10:15 AM ET NEW YORK (Reuters) – Stocks rose on Tuesday as stronger-than-expected quarterly earnings from such bellwethers as Goldman Sachs and Johnson & Johnson alleviated concerns about the slowing global economy. Dow components Johnson & Johnson <JNJ.N> and UnitedHealth Group <UNH.N>, both raised their full-year profit views while Goldman…
Tue Oct 16, 2012 10:12am EDT (Reuters) – Citigroup Inc Chief Executive Vikram Pandit has resigned, effectively immediately, a shock change at the top of the bank just one day after surprisingly strong quarterly results. A statement on Tuesday from Chairman Michael O’Neill said Michael Corbat, previously chief executive for Europe, Middle East and Africa,…
Tue Oct 16, 2012 8:54am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although faster inflation looked unlikely to derail the Federal Reserve’s ultra-easy policy path. KEY POINTS: * The Consumer Price Index increased 0.6 percent last month, in…
By Jason Lange WASHINGTON | Tue Oct 16, 2012 10:06am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although inflation pressures look unlikely to derail the Federal Reserve’s ultra-easy policy path. A separate report on Tuesday showed U.S. factory output rose only modestly in…
Published: Thursday, 11 Oct 2012 | 2:30 PM ET NEW YORK/LONDON (Reuters) – Gold rose on Thursday, tracking U.S. equities and other commodities higher, as a sharp drop in the number of Americans filing new claims for jobless benefits helped the metal snap four straight days of declines. Bullion could further consolidate gains after four consecutive…