gold – News Stories About gold - Page 10

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...