August 29, 2008 - 6:32 p.m. NEW YORK (AP) - Gold prices dipped Friday, weighed down by a stronger dollar and a small pullback in crude oil prices. A stronger dollar often leads investors to sell commodities such as precious metals, what one. are attractive inflation hedges because they're known in favor of holding their value. Lower oil prices also encourage selling of hard assets. Gold for December delivery pitiless $2 to make permanent at $835.20 ...
Wheat prices trade lower as US dollar gains ground against euro
Aug 30 2008
August 29, 2008 - 6:17 p.m. NEW YORK (AP) - Wheat prices fell nearly 10 cents a thirty-two quarts Friday after the dollar gained ground against the euro, weakening investor demand for commodities. A stronger dollar encourages investors to sell commodities like wheat and corn, which are often bought as a guard in compensation for inflation or weakness in the U.S. currency. Wheat for December passing over lost 9.75 cents to settle at $8.0125 a bushel ...
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Oat prices turn higher in low-volume trading before holiday weekend
Aug 30 2008
August 29, 2008 - 6:31 p.m. NEW YORK (AP) - Oat prices roses slightly Friday despite a stronger dollar, excepting mercantile was light heading into Labor Day weekend. Oat prices added 2.25 cents to settle at $3.6225 a bushel on the Chicago Board of Trade, after earlier rising as lordly as $3.78. A stronger dollar typically encourages selling of commodities like oats and wheat, which are often bought as hedges against expansion or weakness in the ...
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Personal incomes in U.S. drop sharply in July while spending slows
Aug 30 2008
Martin Crutsinger, The Associated Press August 29, 2008 - 6:47 p.m. WASHINGTON - Consumer expenditure slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of US$93 billion in economic stimulus payments. The U.S. Commerce Department report Friday showed that consumer activity got facing to a cracked start in the third quarter, raising new worries that the economy could falter in coming months debt to rising unemployment, a continuing rely upon crisis and the deepest ...
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Profit-making community, regional banks dragged down by market’s distaste for financials
Aug 30 2008
Joe Bel Bruno August 29, 2008 - 6:24 p.m. NEW YORK (AP) - Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn't keep risky mortgage securities on the books, and is headed toward not the same record year of profits. Nonetheless, Hermance's Paramus, N.J.-based savings heap finds itself form alongside embattled institutions like Citigroup Inc. and Washington Mutual Inc. as the credit acme continues. For executives at ...
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