Dollar Level Keeps Most Of Surge The dollar leveled off against other major currencies on Monday in New York, holding most of the jobs data-sparked gains from late last week. Traders pondered remarks from Federal Reserve Chairman Ben Bernanke. Bernanke said Monday that while the economy appears to be recovering from last year's financial crisis, the economy still has "some way....
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Crude Oil Prices Drop Below $74 Crude oil prices dropped on Monday and touched a 2 1/2-month intraday low as comments from Federal Reserve chief Ben Bernanke led traders to believe energy demand will not recover as quickly as once hoped. A stronger U.S. dollar reduced its hedge appeal. Light sweet crude for January delivery fell to $73.93 per barrel, down $1.54 on the....
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Gold Recovers Most Of Daily Slide Gold finished modestly lower on Monday but recovered the bulk of its daily losses as traders considered comments from Federal Reserve Chairman Ben Bernanke. The drop took gold further off of the record highs reached last week. December gold fell to $1,163.40 per ounce, down $5.40 on the session. The metal lost more than $40 on Friday..... |
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