Gold Trades Below 12-Week High; Growth Weighed With U.S. Rates

Palladium futures slid the most in seven months and silver fell from a four-week high as concerns of a global economic slowdown spurred a rout in metals used in industrial products. Gold touched the highest since October. The Bloomberg Commodity Index of 22 raw materials slid to a 12-year low today, led by a plunge in copper, after the World Bank cut its forecast for global growth this year. Palladium is mostly used with platinum in...

Dollar Falls to 4-Week Low as Retail Sales Drop; Real Rises

The dollar dropped to its lowest level in four weeks against the yen as retail sales in the U.S. slumped in December by the most in almost a year, pushing back the timeline for the Federal Reserve to raise interest rates. Japan™s currency rose against most of its major peers as investors sought haven assets on concern steep declines in stocks and commodities signal the global economy is slowing. Government-bond yields tumbled globally....

Gold Trades Below 12-Week High; Growth Weighed With U.S. Rates

U.S. stocks fell, sending the Standard & Poor™s 500 Index to a fourth straight loss, as a decline in American retail sales and slump in copper prices spurred concern that global growth is slowing. Equities pared losses during the afternoon after oil prices wiped out a drop of 1.9 percent and proceeded to rally almost 7 percent, while the Federal Reserve™s Beige Book said the...

U.S. Stocks Slide, Global Bonds Rally as Copper Sinks; Yen Gains

U.S. stocks fell, while bonds rallied around the world as a deepening commodities rout and an unexpected drop in American retail sales fueled concern growth is slowing. Copper sank the most since 2011 and the yen rose. The Standard & Poor™s 500 Index slid 1.2 percent at 12:45 p.m. in New York, for a four-day slide of 3 percent. Freeport-McMoRan Inc. tumbled 12 percent extending its rout this week to 21 percent, while energy shares...

European Stocks Fall as Drop in Miners, Oil Shares Outweigh ECB

European stocks fell from a five-week high as energy and mining shares followed commodity prices lower on global-growth concern. The Stoxx Europe 600 Index dropped 1.5 percent to 339.67 at the close of trading. The benchmark earlier pared losses after an aide to the European Union™s top court said a bond-buying program by the region™s central bank via outright monetary transactions is œin principle in line with the bloc™s treaty. Oil ...