Gold tumbles 2 pct to four-year low, $1,000/oz exposed

Gold sank about 2 percent on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging U.S. dollar weakened the investment case for non-yielding bullion. Silver's fall as much as 5 percent to its weakest since February 2010 at just above $15 an ounce. Spot gold skidded to its lowest since April 2010 at $1,137.40 an ounce and was trading down 1.8 percent at $1,146.50 by 2:48 p.m. EST (1948 GMT). Technical ...

Dollar Rallies to 7-Year High as Economic Outlook Brightens

The dollar rose to its strongest level in seven years against the yen, boosted by signs of strength in the U.S. economy and midterm elections that saw Republicans take control of the Senate. Japans currency fell versus most of its 31 major peers after Bank of Japan Governor Haruhiko Kuroda said he saw no limit to the steps officials can take to defeat deflation. The Bloomberg...

Japan’s Topix Rises Sixth Day as Yen Extends Loss on U.S. Jobs

Japanese stocks rose, with the Topix index heading for the longest winning streak since August, after the yen fell to a seven-year low and U.S. companies added more workers than forecast. The Topix advanced 0.2 percent to 1,374.24 as of 9:05 a.m. in Tokyo, rising for a sixth day after closing yesterday at its highest level since 2008. The Nikkei 225 Stock Average rose 0.2 percent to 16,965.24. U.S. stocks gained after Republicans won...

U.S. Stocks Advance on Republican Victory, ADP Employment Report

U.S. stocks rose, sending benchmark indexes to records, as Republicans won their first Senate majority in eight years and data showed companies added more workers in October.The Standard & Poors 500 Index climbed 0.6 percent to 2,023.44 at 4 p.m. in New York, a record closing level. The Dow Jones Industrial Average added 100.69 points, or 0.6 percent, to 17,484.53.Republicans retained control of the House and won enough seats to reclaim...

U.S. Stocks Retreat as Energy Companies Drop With Price of Oil

U.S. stocks retreated, following the biggest weekly rally since January 2013, as energy  producers led losses after oil dipped below $80 a barrel. Halliburton Co., Newfield Exploration Co. and Nabors Industries Ltd. fell more than 5.5 percent to lead losses in energy companies. Merck & Co. slid 2.8 percent after cutting the top end of its sales forecast. Sarepta Therapeutics Inc. plunged 36 percent after saying regulators require...