Gold Trades Above One-Week Low as Ukraine Counters U.S. Recovery

Gold held above a one-week low as investors weighed violence in Ukraine and signs of higher demand in China against an improving U.S. economy.Bullion for immediate delivery traded at $1,293.17 an ounce at 9:43 a.m. in Singapore from $1,293.63 yesterday, when prices slid 0.2 percent after U.S. retail sales data showed that economic growth is on track to accelerate in the second quarter. The metal fell on May 12 to $1,280.02, the lowest...

Gold Futures Decline as U.S. Equities Advance, Dollar Rallies

Gold futures fell as U.S. equities climbed to a record and the dollar��s rally curbed demand for the metal as an alternative investment. The Standard & Poor��s 500 Index of stocks topped 1,900 for the first time, and the greenback climbed to one-month high against the euro. Gold slumped 28 percent last year as equities surged to a record and inflation remained muted. Declines...

WTI Rises for Third Day as Cushing Stockpiles Drop; Brent Steady

West Texas Intermediate advanced for a third day, the longest rising streak in more than three weeks, after an industry report showed crude supplies shrank at the biggest U.S. oil-storage hub. Brent was steady in London.Futures gained as much as 0.3 percent in New York. Crude inventories at Cushing, the delivery point for WTI, fell by 590,000 barrels last week, the American Petroleum Institute said yesterday. Stockpiles nationwide were...

Euro Weakness Sustained as Slowdown Spurs ECB Easing Bets

The euro traded near a five-week low as signs of sustained economic weakness in the region boosted speculation the European Central Bank will step up measures to lift growth and spur inflation.The euro was little changed after a five-day drop before a report today that may confirm a decline in Germany��s consumer price index and data that may show industrial production in the region declined in March. The pound traded near a 16-month...