Gold Rises for First Time in Three Days on Global Easing Efforts

Gold futures rose for the first time in three days as signs that money supplies will increase in Europe and Asia revived investor demand. Holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by the metal, climbed 0.5 percent last week, the most since August. Money managers raised their bullish wagers for a third straight week, the longest expansion since July, government data showed Dec. 5. While European Central...

Gold Rise for First Time in Three Days After Bullish Bets Climb

Gold rose for the first time in three days after speculators boosted bullish bets on the precious metal to a three-month high. Futures for February delivery climbed 0.3 percent to $1,194.10 an ounce on the Comex by 8:54 a.m. in New York. Bullion for immediate delivery rose 0.1 percent to $1,194.06, according to Bloomberg generic pricing. The cost of lending the metal turned positive on Dec. 5 for the first time in six weeks, as the U.S....

Japan Stocks Fall as Yen Strengthens, Oil Drops to Five-Year Low

Japanese stocks fell after the yen strengthened and oil prices dropped to a five-year low, weighing on exporters and energy shares. The Topix index declined 0.7 percent to 1,437.40 as of 9:03 a.m. in Tokyo, falling from a seven-year high and headed for its first loss in December. The Nikkei 225 Stock Average lost 0.7 percent to 17,810.31. The yen traded at 120.73 per dollar after rallying 0.6 percent yesterday, the most since Oct. 15. The ...

Asian Stocks Follow U.S. Shares Lower as Oil Slides, Yen Gains

Asian stocks fell, after U.S. shares dropped the most in almost seven weeks, as oil extended its decline and a stronger yen weighed on Japanese exporters.The MSCI Asia Pacific Index slid 0.3 percent to 139.70 as of 9:06 a.m. in Tokyo after adding 0.1 percent yesterday. Japans Topix index decreased 0.7 percent after the yen added 0.6 percent against the dollar yesterday. Brent crude and West Texas Intermediate slumped to five-year lows.South...

U.S. Stocks Retreat From Record as Energy Shares Lead Declines

U.S. stocks slid, pulling benchmark indexes down from records, with energy producers leading declines as oil dropped to the lowest level since 2009. Exxon Mobil Corp. and Chevron Corp. declined more than 2.3 percent to pace losses in 42 of 43 energy companies in the Standard & Poors 500 Index. McDonalds Corp. lost 3.8 percent, the most in two years, after same-store sales trailed analysts estimates. Cubist Pharmaceuticals Inc. ...