Gold
Gold and silver prices jump to new record highs
April 25, 2011The prices of gold and silver have hit new record highs, driven by a weaker US dollar and continuing tensions in the Middle East and North Africa. Gold rose as high as $1,518.30 (£918.70) an ounce during morning trading in Europe, before falling...
Gold price hits record at $1,500 an ounce
April 20, 2011The gold price has risen above $1,500 an ounce for the first time after concerns about global economic recovery lifted the metal's appeal as a haven. In trading in Hong Kong, gold hit a record $1,500.70 an ounce, which traders said was mainly a response...
Price of gold reached a record-high, tied to Euro's decline
May 19, 2010By Michael Bowman While a falling euro has grabbed financial headlines, the price of gold reached a record-high last week and has since hovered around $1,200 an ounce, that is up from $930 a year ago and $270 a decade ago. Analysts say a worsening debt...
European economic worries push stocks down, gold up
May 15, 2010Continuing concerns about European economies sent gold prices up and pushed stock and oil prices down sharply on Friday. The euro currency also dropped sharply. Debt problems in Greece and other nations have prompted governments to slash spending, which...
Abu Dhabi hotel boasts gold vending machine
May 14, 2010One of Abu Dhabi's ritziest hotels is guessing its customers want more than chocolate or candy during their stay. So it now has a vending machine that will let its guests buy gold. The Emirates Palace hotel unveiled the hi-tech vending machine Wednesday...
Gulf Oil Producers, Others Ready To Dump Dollar
October 07, 2009Britain's daily "The Independent" has reported that Gulf Arab oil producers held secret talks with oil buying states on moving away from using the dollar as the sole currency for transactions. Just hours after the story was published, Saudi...
Gold tops $800 for first time in 27 years
November 01, 2007Gold topped $800 an ounce Wednesday after the U.S. Federal Reserve lowered its benchmark federal funds interest rate a quarter-point to 4.5 percent. An ounce of gold had closed up $7.60 at $795.30 an ounce on the New York Mercantile Exchange. It then...
Gold futures rally past $735 after Fed cut
September 19, 2007U.S. gold futures rallied past $735 an ounce Tuesday to their highest level since 1980 after the U.S. Federal Reserve cut interest rates a half-point. Gold for December delivery traded as high as $735.50 an ounce in electronic trading late Tuesday...