Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter.
U.S. stocks rose, after benchmark indexes ended a four-day rally yesterday, as better-than- forecast earnings and a $45.2 billion takeover of Time Warner Cable Inc. overshadowed a drop in retail sales.
U.S. stocks rose, after the Standard & Poor’s 500 Index ended a four-day rally yesterday, as earnings and a $45.2 billion takeover of Time Warner Cable Inc. overshadowed an unexpected drop in retail sales. Treasuries advanced and natural gas surged.
The most exciting part of elevating Satya Nadella to chief executive officer of Microsoft Corp. may be that it would end the search to replace Steve Ballmer, investors in the world’s biggest software maker said.
Gold’s biggest slump in three decades has been a boon for MKS (Switzerland) SA’s PAMP refinery near the Italian border in Castel San Pietro, whose bullion sales to China surged to a record as demand rose for coins, bars and jewelry.
Banks led by Goldman Sachs Group Inc. and Citigroup Inc. say commodities are heading for losses in 2014 as rising supplies and slowing demand compound slumps that led to bear markets last year in gold, copper and corn.
U.S. stocks fell a second day, following the biggest annual rally for the Standard & Poor’s 500 Index in 16 years, as investors weighed comments from Federal Reserve officials on stimulus and the economy’s strength.