Gold Drops to Seven-Week Low on Greek Accord as Platinum Falls

Gold futures fell to a seven-week low after Greece reached a provisional accord on a bailout with euro-area finance ministers, reducing demand for the metal as a haven. Platinum dropped to the cheapest in five years. Gold has dropped below $1,200 an ounce after last month topping $1,300, partly on speculation that Greece would reach a debt agreement. The metal fell as the dollar...

Oil Extends Weekly Decline as Global Supply Glut Seen Growing

Crude extended a weekly decline amid speculation excess supply will increase as Libya restarted a pipeline halted by a fire and the U.S. idled fewer drilling rigs than in previous weeks. West Texas Intermediate oil dropped as much as 4.2 percent after falling 4.6 percent last week. Oil fields in eastern Libya resumed pumping to the port of Hariga after a pipeline was repaired, according to state-run National Oil Corp. The number of...

U.S. Stocks Little Changed, Nasdaq Extends Rally; Oil, Gold Drop

U.S. stocks were little changed, with benchmark indexes near all-time highs, as Apple Inc. rallied to send the Nasdaq Composite Index to its ninth straight gain. Oil fell below $50 a barrel, while gold dropped to a seven-week low. The dollar strengthened and Treasuries rose. The Standard & Poors 500 Index fell less than 0.1 percent at 4 p.m. in New York after closing at an all-time high on Friday. The Nasdaq Composite added 0.1...

U.S. Stocks Fall as Crude Slides; European Shares Rise on Greece

U.S. stocks declined from records as oil dropped below $50 a barrel. The dollar strengthened against emerging-market currencies before Federal Reserve Chair Janet Yellen addresses Congress this week. The Standard & Poor™s 500 Index slid 0.3 percent at 12:47 p.m. in New York after closing at an all-time high on Friday. The Stoxx Europe 600 Index added 0.7 percent, while Portugal™s 10-year rate reached 2.118 percent, below its U.S....

Europe Stocks Extend 2007 High After Greek Agreement; HSBC Falls

European stocks climbed for a fifth day after Greek creditors agreed to extend the nation™s bailout funds. The Stoxx Europe 600 Index added 0.7 percent to 385.08 at the close in London. The FTSE 100 Index surpassed a record close in intraday trading before falling as much as 0.4 percent as lower-than-projected profit at HSBC Holdings Plc dragged the stock lower. The U.K. gauge ended little changed. The Stoxx 600 reached its highest...