How to Invest for Retirement: Complete Guide for 2026
Category: Commodities
Most commodity prices fell broadly
Commodity prices fell broadly as a plan to fix Greece’s crippling debt crisis remained far from settled, renewing concerns about global economic growth.
Gold reprises haven role in four-day rally
(Reuters) – Gold hit one-month highs on Wednesday in its longest stretch of gains in over two months as investors sought the safety of bullion in the face of an uncertain outcome to a key EU summit and after a…
Oil prices, global stocks fall; gold rises
Concerns about the debt crisis have weighed on oil markets in recent weeks, adding to worries about weak US economic data that could hit fuel demand.
“It doesn’t look like the two biggest items were seriously discussed today — the potential for a euro bond and the size of the stabilization/bailout fund,” said Edward Meir, senior commodity analyst for MF Global in New York.
Crude prices dropped before the meeting as data showed sluggish German growth hobbled the euro zone, dragging US stocks. The euro slid against the dollar.
Why Investors Flee to Gold — And When They Sell
Stock-shocked investors are fleeing to gold, pushing the precious metal to new heights.
Gold reached a new intraday high of $1,782.50 per ounce in electronic trading before backing down to $1,746.20. That’s an increase of $33, or about 2%, compared to its Monday close. On Monday, gold broke $1,700 for the first time.
The current flight to gold has been by a nasty stock market plunge. On Monday, the Dow Jones industrial average plummeted 624 points, or about 5.5%, and the Nasdaq and S&P 500 dropped nearly 7%. It was the worst day on Wall Street since the 2008 fiscal crisis.