Tuesday 5 November 2024
 
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Europe debt

Gold steady before EU summit

Gold prices held steady on Tuesday, as investors wait for European leaders to work out a strategy to solve the euro zone debt crisis at a meeting on Wednesday, while resilient physical demand from Asia also lent support. Investors grew con

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Gold gains, equities drop

Gold strengthened further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the precious metal, which posted its the biggest quarterly gain this year, but a firm US dollar could still cap gains.

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Europe debt crisis sparks new fears

International alarm over Europe's debt crisis reached new heights with US President Barack Obama pressing the bloc's big countries to show leadership as talk of a Greek default escalated and markets heaped pressure on Italy. G

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Gold in euros hits record as debt fears grow

Gold priced in euros hit record highs for a second day on Tuesday as fears Europe's debt crisis could spread persisted despite European Union officials' pledges to help heavily indebted euro zone members. The strength of the dollar

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Gold firms on Europe debt fears

Gold prices turned higher late Friday, moving back to the top of the session range, as some investors returned to the yellow metal as a safe-haven play when the euro fell in response to Moody's downgrade of Ireland's credit rating. "You're

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Oil drops towards $69 as risk aversion returns

Oil fell towards $69 on Tuesday on growing concern that Europe's debt crisis would derail the global economic recovery, prompting investors to sell riskier assets in a flight to dollar safety. The greenback gained more than 0.6 per cent ag

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