gold – News Stories About gold - Page 10

MARKETS

Mar 19, 2008 3:44 PM CDT

Dow Slides 293 Points

Markets couldn't keep up yesterday's huge rally

(Newser) - Stocks slid fast today as commodity prices plunged. Investors rebalanced their portfolios after pumping cash into commodities such as gold and oil for insurance against seesawing stocks, the Wall Street Journal reports. The Dow ended down 293 points to 12,099.66, the Nasdaq 58.3 to 2,209.96,...

Gold Hits Record $1K per Ounce

Mar 13, 2008 1:03 PM CDT

Gold Hits Record $1K per Ounce

Slumping US economy, dollar sends investors to shiny commodity

(Newser) - Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is...

Tanking Dow Drops 315 Points

MARKETS

Feb 29, 2008 3:15 PM CST

Tanking Dow Drops 315 Points

Huge AIG, Dell losses spark sell-off

(Newser) - The Dow lost an incredible 315.79 points today to close at 12,266.39 as AIG reported the biggest losses in its history and bellwether Dell reported a year-over-year fourth-quarter profit decline of 6%. The Nasdaq slipped 60.09 to 2,271.48, and the S&P 500 lost...

Oscar Gold Glitters, Costs a Mint

Feb 22, 2008 11:23 AM CST

Oscar Gold Glitters, Costs a Mint

Gilded statue's price goes from $400 to $500 as gold jumps 40%

(Newser) - They’re worth their weight in gold to actors. And this year’s Oscars—carrying a gilding of pure gold—will cost the Academy of Motion Picture Arts and Sciences about $500 each, up $100 from last year's 13 1/2-inch tall, 8 1/2-pound statuettes. The price of gold has soared...

Germans Find Hidden Nazi Gold

Feb 20, 2008 7:44 AM CST

Germans Find Hidden Nazi Gold

Gold pinpointed in cavern, stolen chamber of the czars could be nearby

(Newser) - Treasure hunters in Germany have announced they've found a secret stash of Nazi gold in an underground cavern and they believe it could be from the looted Amber Room of the Russian czars, Der Speigel reports. Instruments have detected what could be 2 tons of gold in the cavern near...

Unrest in Financial World Gives Gold a New Luster

Jan 31, 2008 1:27 PM CST

Unrest in Financial World Gives Gold a New Luster

Investors looking for safe haven have driven futures up 42% since Aug.

(Newser) - Mainstream investors looking for a hedge against inflation and a volatile stock market have taken a shine to gold, driving prices for the precious metal to historic highs, the Wall Street Journal reports. Gold futures have risen more than 42% since mid-August. The latest Fed interest-rate cut bumped prices in...

IBM Leads Stock Surge

MARKETS

Jan 14, 2008 3:45 PM CST

IBM Leads Stock Surge

Hopes for another rate cut also contributed to the rally

(Newser) - Stocks surged today, propelled by hopes for an interest rate cut and expectation-busting fourth-quarter results from IBM. "The Fed has a very hard job right now, but I think the market is saying it thinks they are up to the task," a trading exec told the Wall Street ...

At $832 an Ounce, All That Glitters Is Gold

Nov 12, 2007 3:05 PM CST

At $832 an Ounce, All That Glitters Is Gold

Economic uncertainty drives price toward 1980 highs

(Newser) - Gold’s lure as a safe haven from economic upheaval has Wall Street worried that investors are turning their backs on the markets, reports the LA Times. Gold prices have pushed steadily toward $850 an ounce, a level it hasn’t seen since 1980. "The markets' statement is that...

Oil, Gold Lift Markets

Nov 6, 2007 3:37 PM CST

Oil, Gold Lift Markets

Record highs fuel late rally

(Newser) - Stocks closed up today, buoyed by surging oil and gold prices. Oil hit $97 a barrel, and gold is at a 27-year high, Bloomberg reports. Energy and metals producers, including Exxon Mobil and Newmont Mining—the world's second-largest gold-mining company—led the rally. The Dow was up 117.54 to...

Oil Rises to Record High, Again

Oct 29, 2007 6:28 AM CDT

Oil Rises to Record High, Again

Breaks $93 a barrel on news of Mexican storm

(Newser) - Oil prices topped $93 today, breaking another record on news that Mexican production would drop by 20% due to a storm. "This is on top of what has already been simmering,” said an analyst in Singapore. Prices have been breaking records for a week due to US-Iran tensions...

2,000 Miners Rescued in South Africa

Oct 4, 2007 6:34 AM CDT

2,000 Miners Rescued in South Africa

Workers emerge hungry but unharmed after 36 hours underground

(Newser) - About two-thirds of the 3,200 miners trapped yesterday when a lift shaft collapsed in a South African gold mine had been rescued by midmorning today, the BBC reports. They're being brought to the surface 75 at a time in a small shaft normally used for equipment; the remainder are...