Gold Rises as Rally in Crude Oil Spurs Investor Demand for Metal

Gold climbed as higher energy prices damped concern that inflation will remain low and revived demand for the precious metal as a store of value.Crude futures in New York advanced for the second time in three days. The correlation between gold and oil rose close to 0.4 today, the strongest link since July 2013. A reading of 1 means the prices move in lockstep.A whipsaw in oil is spurring the biggest price swings for gold in almost nine...

Euro Slides to 2-Year Low Before ECB

The euro slumped to a two-year low versus the dollar as mounting signs of weakness in the regions economy amplify calls for the European Central Bank to ease further when it meets tomorrow. The dollar touched a seven-year high against the yen as a private report showed U.S. employers added at least 200,000 for the seventh time in eight months. The greenback reached a four-year high versus the Aussie as Goldman Sachs Group Inc. joined...

U.S. Stocks Climb to Records as Commodities Producers Advance

U.S. stocks rose, sending the Standard & Poors 500 Index to an all-time high, as industrial and commodity shares rallied while data boosted confidence in the economy before Fridays jobs report. The S&P 500 rose 0.4 percent to 2,074.18 at 4 p.m. in New York. The Dow Jones Industrial Average extended a record, climbing 31.27 points, or 0.2 percent, to 17,910.82. The Russell 2000 Index jumped 0.9 percent. The S&P 500 climbed...

Europe Stocks Climb Amid ECB Optimism as Commodity Stocks Rally

Gains in miners helped propel European stocks to within 0.1 percent of a six-year high amid bets that the European Central Bank will expand stimulus.The Stoxx Europe 600 Index increased 0.6 percent to 349.34 at the close of trading in London. Thats its highest level since June 10, and Rio Tinto Group pushed a measure of commodity companies to the biggest gain on the gauge. The gauge has rebounded risen 13 percent from an October low as...

U.S. Stocks Rise as Energy Stocks Surge Before ECB, Jobs Report

U.S. stocks rose, following the biggest advance in a month for the Standard & Poors 500 Index, as energy shares rallied and payrolls and services data boosted confidence in the economy before Fridays jobs report. Energy companies in the S&P 500 climbed 1.2 percent for a third straight advance as Cimarex Energy Co. and Oneok Inc. surged more than 4 percent. Consumer-staples stocks slipped the most in the U.S. benchmark gauge...