Port St. Lucie News
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Gold and silver futures resumed slumps on speculation that the Federal Reserve may scale back U.S. debt purchases, curbing demand for the precious metals as a store of value.
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Cotton futures fell, heading for the third decline in four sessions, on mounting concern that global supplies will be more than sufficient to meet demand. Orange juice fell for the first time in a week.
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Gold futures posted the biggest gain in almost two weeks as demand for bars and jewelry increased in India and China, the world’s largest consumers of the metal.
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Jane Yoder Blankenship plants a grandmotherly kiss on Senator Marco Rubio’s cheek and then leans in to issue a warning.
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Salomon Melgen, the Florida political donor at the center of a criminal probe, said he and Senator Robert Menendez are “like brothers” who spoke weekly, yet his companies never benefited and he broke no laws.
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Gold futures rose the most since June following purchases by central banks and signs of increasing investor demand on the heels of last week’s biggest plunge in three decades. Silver posted the biggest gain in 15 months.
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CME Group Inc. increased the margin requirements on gold trading after prices plunged.
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Gold futures declined for the fourth time in five sessions as the dollar’s rebound reduced the appeal of the metal as an alternative investment.
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Gold futures rose for the first time in four sessions on speculation that the Federal Reserve will maintain monetary stimulus amid signs of a limited recovery in the U.S. housing market.
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Digital Domain Media Group Inc., the special-effects company that collected millions of dollars in cash and land from taxpayers before filing bankruptcy, should be barred from selling any public property, the Florida city where the company is based said in a court filing.
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