Gold Fall as Goldman Sachs Says Prices May Drop Below $1,000

Gold fell, trading near a five-year low, as Goldman Sachs Group Inc. said rising U.S. interest rates may lead to deeper losses. A government report Monday showed American households kept spending in June, capping a stronger quarter for the biggest part of the economy, as incomes rose. The Federal Reserve signaled last week that it will probably raise rates this year as the labor market improves. Goldman in a report Monday reiterated that...

Gold Declines as Goldman Sachs Says Prices May Drop Below $1,000

Gold fell, trading near a five-year low, as Goldman Sachs Group Inc. said rising U.S. interest rates may lead to deeper losses. Reports this week may show U.S. manufacturing expanded and payrolls increased, after the Federal Reserve signaled that it will probably raise borrowing costs this year as the labor market improves. Goldman in a report Monday reiterated that prices may fall below $1,000 an ounce, signaling a drop of about 9 percent. Futures ...

U.S. Stocks Decline as Apple Shares, Commodities Producers Slump

U.S. stocks declined, after equities posted their best monthly gain since February, as commodities producers sank and Apple Inc. fell into a correction. The Standard & Poor 500 Index retreated 0.3 percent to 2,097.97 at 4 p.m. in New York, after falling as much as 0.8 percent, to close above its average price during the past 100 days. Commodities dropped after an official gauge of Chinese manufacturing slid to a five-month low...

U.S. Stocks Decline Amid Earnings as Commodities Shares Slump

U.S. stocks declined, after equities posted their best monthly gain in five, amid disappointing results from Tyson Foods Inc. and as commodities producers sank. The Standard & Poor’s 500 Index fell 0.4 percent to 2,095.63 at 12:37 p.m. in New York, near its average price during the past 100 days. The Dow Jones Industrial Average lost 117.82 points, or 0.7 percent, to 17,572.04. The Nasdaq Composite Index...

European Stocks Rise for 5th Day as Earnings Trump Greek Plunge

European stocks climbed as improving earnings and economic indicators outweighed losses in Greek shares that resumed trading after a five-week suspension. Heineken NV and Commerzbank AG climbed at least 2.3 percent after their results beat estimates. TomTom NV added 2 percent after people familiar with the matter said it’s exploring options that could lead to a sale. National Bank of Greece SA and Piraeus Bank SA slumped 30 percent,...