Gold Futures Drop in New York as Dollar Touches Five-Year High

Gold futures fell for the fourth time in five sessions as the dollar touched a five-year high, damping investor demand for the metal as a store of value. The Bloomberg Dollar Spot Index rose to 1,133.26, the highest since 2009, amid signs that the U.S. economy is improving. Holdings in exchange-traded funds backed by bullion fell 0.6 percent last week, extending a drop to the lowest since 2009. Futures trading was 45 percent below...

Russian Economy Shows Gesture First Recession

The Russian economy contracted by 0.5% in November, the first decline in GDP since October 2009. The Russian government forecast a decline of 0.8% of GDP next year, compared with 0.6% GDP growth in 2014 as a whole. Ruble fell to a level of 57 to the US dollar on Monday, a decline of over 6% after it had increased last week. The Russian economy is highly dependent on energy exports...

Saham AS Lanjutkan Reli Pekan Lalu ditopang Penguatan Saham Energi

Saham AS naik mengirim indeks Standard & Poor 500 bersiap menuju kenaikan tahunan ketiga berturut-turut seiring indeks ekuitas naik pekan lalu. Indeks Standard & Poor 500 naik sebesar 0,2 persen ke level 2,092.95 pukul 11:54 siang di New York. Indeks Dow melonjak 7.26 poin, atau kurang dari 0,1 persen, ke level 18,060.97. Indeks Russell 2000 menguat sebesar 0,3 persen. Volume perdagangan saham pada S&P 500 sebesar 36 persen ...

Gold Declines With Silver as Dollar Strength Curbs Demand

Gold fell on concern gains last week were exaggerated amid prospects for a stronger dollar and declining investor demand. The metal rose 1.9 percent on Dec. 26, the biggest gain in more than two weeks, on speculation that China will take more measures to bolster the economy. Holdings in SPDR Gold Trust, the largest exchange-traded product backed by the metal, have dropped to a six-year...

Europe Stocks Little Changed as Greece’s ASE Declines After Vote

European stocks were little changed, while Greece™s ASE Index fell as the nation faces early elections after Prime Minister Antonis Samaras failed a third time to get enough backing for his presidential candidate. The Stoxx Europe 600 Index gained less than 0.1 percent to 344.06 at 4:30 p.m. in London, after falling as much as 0.8 percent. The Greek gauge slid 3.9 percent and as much as 11 percent, the most among 18 western-European...