Gold futures decline below $1,700 an ounce

Source: Marketwatch
© Scanpix/Reuters

Gold futures decreased below $1,700 an ounce; yellow metal lost $17.10 to $1,678.80 an ounce at electronic trading on Globex. The losses followed the increase in Dollar index by 0.5% to 79.496. Increase in the Dollar value usually pushes gold price down as higher greenback makes the commodity more expensive for other currency holders.

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Fri, 25 Nov 2011 14:07:16 GMT

US stock futures decline on the euro zone woes

US stock futures decreased on the worries about spreading debt crisis in Europe. Futures on the Dow Jones Industrial Average lost 71 points to 11,163 while futures on the Standard & Poor's stock index decreased by 9.19 points to 1,150.8. Nasdaq futures lost 17 points to 2,144. The drop occurred after Italy's bill auction on Friday.

Fri, 25 Nov 2011 14:06:39 GMT

FTSE 100 falls on European officials' announcements

After closing lower on Thursday at 5,127.60, UK's benchmark index FTSE 100 extended its losses during Friday trade dropping 0.8% to 5,088.29. BHP Billiton PLC and Rio Tinto PLC were among main decliners both giving up 1.8% after metal prices declined. The drop in FTSE 100 is closely linked to overall drop in European markets as Angela Merkel rejected issuance of Eurobonds and Hungary was

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