Commodities

Gold Continues to Climb, Near 1-Week Peak

Gold prices increased, holding near its highest level in more than a week, as a rebound in prices from a 2-year trough failed to curb investor appetite for the precious metal.

Valero Swings to 1Q Profit

The refining company turned a profit in the first quarter, as it continued to benefit from the use of cheaper, domestically produced oil.

Exxon 1Q Profit Up Slightly, Revenue Misses

The world's largest publicly traded oil company reported first-quarter earnings growth of 0.5% as margins improved, but revenue came up well short of Wall Street estimates.

Another Choppy Week for Gold Expected

Gold edged up and held above the psychologically key level of $1,400 an ounce, although sentiment was shaky after investors trimmed holdings.

Gold Prices Slip to 1-Week Low

Gold hit its lowest in a week pressured by heavy fund liquidation a day after European Commission documents showed Cyprus must sell around 400 million euros' worth of gold reserves under its bailout.

Are We About to See a Global Gold Selling Spree?

Heavily indebted euro zone nations such could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to meet its financing needs.