Gold Price Closes at Lowest Level in About 5 Years

Gold futures finished lower on Wednesday, settling at their lowest levels in roughly five years, as intensifying worries about the impact of a rate hike weighs on the precious metal. December gold , -0.37% closed $3.60, or 0.3%, lower at $1,084.90 an ounce, marking the lowest settlement for a most-active contract since early 2010, according to FactSet data. Source : Marketwatc...

Oil Tumbles to Two-Month Low as U.S. Inventories Seen Increasing

Oil closed at the lowest level in more than two-months as U.S. industry data showed crude supplies expanded for the world’s biggest consumer, compounding a global surplus. West Texas Intermediate futures dropped 2.9 percent. Inventories increased by 6.3 million barrels last week, the American Petroleum Institute was said to report Tuesday. Energy Information Administration data on Thursday is projected to show that stockpiles rose 1.3...

U.S. Stocks Decline Amid Selloff in Retailers, Merger Activity

U.S. stocks slipped in quiet trading during the Veterans Day holiday, with merger news and a selloff in retail shares sparked by results from Macy’s Inc. capturing the spotlight. Macy’s slumped the most in more than six years following a cut in its profit forecast, turning the tables on retailers after they ranked among yesterday’s leaders. Apache Corp. tumbled more than 7 percent after rebuffing a buyout offer from Anadarko Petroleum...

U.S. Shares Fluctuate as Investors Weigh Economy, Rate Prospects

U.S. stocks fluctuated, after the Standard & Poor’s 500 Index yesterday ended a four-day losing streak, as investors continued to weigh whether the economy is growing enough to handle higher interest rates as soon as next month. Home security company ADT Corp. jumped 5.1 percent to lead industrials after its quarterly results beat analysts’ estimates. The tables have turned on retailers after they ranked among yesterday’s leaders....

European Stocks Advance as M&A, Earnings Buoy SABMiller, Henkel

European stocks climbed, resuming a rally that had stalled earlier this week, amid deal activity and earnings reports. SABMiller Plc gained 1.9 percent after Anheuser-Busch InBev NV made a formal offer to buy it for about $107 billion. AB InBev added 2.2 percent. Carlsberg A/S climbed 6.2 percent after reporting profit that beat estimates and announcing job cuts to reduce costs. Henkel AG climbed 6.7 percent after raising its annual earnings...