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Gold Extend Gains on Speculation Dollar Rally May Stall
Gold rose for the third straight day on speculation the dollar's rally against the euro may stall, boosting the appeal of the precious metal as an alternative investment. Silver also gained.
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Oil Rises Above $116, Goldman Sticks to View
Oil prices rose on Wednesday ahead of U.S. oil data, which was likely to show a drop in gasoline inventories, and as Wall Street heavyweight Goldman Sachs reiterated its view of strong fundamentals. 5
Euro Declines as German Ministry Says Economy Deteriorates
The euro fell against the dollar to near the lowest level in six months as Germany's Economy Ministry said the outlook for Europe's largest economy has deteriorated even beyond the second quarter. 5
GBP/USD Update
As shown on the accompanying GBP/USD daily chart, after flirting with the long-term uptrend support line for almost a week now, price is still consolidating right around this major support line as of Tuesday evening in New York. 6
Is Dollar-Based Salvation Coming?
The hope that the troubling surge in inflation will soon pass draws on fresh hope born of the widely reported outlook for new-found strength in the dollar. And the hope doesn't come a moment too soon. 5
Oil Falls Below $113 After Storm Moves On
Oil prices fell below $113 on Tuesday after a tropical storm in the Gulf of Mexico avoided oil and gas installations. 5
Dollar Rises Versus Euro as Wholesale Prices Exceed Forecast
The dollar rose versus the euro after a government report showed wholesale prices increased in July twice the amount economists forecast. 5
Australian, N.Z. Dollars Gain as Fed May Delay Raising Rates
The Australian and New Zealand dollars rose on speculation the Federal Reserve will delay raising interest rates, maintaining the South Pacific nations' yield advantage over the U.S. 
