Monthly Archives: October, 2010
Gold, Copper fall On Strong Dollar, but Crop Grains Rise Amid Worries
Most commodities fell on Wednesday, hurt by a strong dollar and risk reduction by that fear of the U.S. Federal Reserve may be less aggressive than previously thought in efforts to stimulate the economy. Copper settled down over 2% and gold fell more than 1% as the dollar rose to one week high against a [...]
Caterpillar Wuxi R & D center will be LEED Gold certification
Wuxi, China – Caterpillar Inc. (NYSE: CAT) today announced that the company’s multi-functional research and development (R & D) center in Wuxi, Jiangsu Province, was awarded Gold certification for Leadership in Energy and Environmental Design in the new category (LEED-NC). The Wuxi R & D Center, a full Caterpillar subsidiary, is the headquarters and main [...]
Gold settles at three week low on the greenback reversal
CHICAGO – Gold futures on the COMEX division of the New York Mercantile Exchange lost some steam Wednesday, on fears that the U.S. Federal Reserve would be a more cautious approach to buying Treasury bonds instead of taking big money pouring into the system. The U.S. dollar’s new-found strength also hammered the precious metal. Silver [...]
Crude oil rose in New York as the dollar decline Boosts Appeal of Commodities
Oil climbed in New York after the dollar fell against the euro, the strengthening of investor demand for commodities. The December contract rose as much as 28 cents, or 0.3 percent, to $ 82.22 a barrel in electronic trading on the New York Mercantile Exchange and was at $ 82.20 at 10:40 Sydney time. Yesterday [...]