The price of gold rose steadily over the first two weeks of 2017, surpassing the $1,200 level on Thursday. Gold for February delivery closed at $1,196.20 an ounce on Friday, Market Watch reports. Gold began the year around $1,150. The precious metal's value in dollars has increased about 3.9 percent thus far in 2017. The
By JOSH FRIEDMAN After soaring to above $1,150 in the first week of 2017, the price of the cryptocurrency bitcoin fell to around $750 Thursday. Bitcoin hit a low of $752.11 early in the day, according to the CoinDesk Bitcoin Price Index. China is by in large driving the volatility in the price. Beijing imposes
The soaring cryptocurrency Bitcoin is trading at $1,147 early Thursday, within $20 of the all-time high of $1,165.89, according to CoinDesk. The record high was set on Nov. 30, 2013. In addition to approaching a record high, Bitcoin is nearing parity with gold, which is trading at $1,178. Bitcoin's price rose steadily in 2016, appreciating about
By JOSH FRIEDMAN Following intense criticism by U.S. President-elect Donald Trump, Ford Motor Company opted to scrap its plans to build a $1.6 billion manufacturing plant in Mexico. Ford says it will instead invest $700 million in Michigan and create 700 U.S. jobs, CNN Money reports. Trump has promised tax cuts and regulatory reductions, while
The price of gold rose .9 percent Tuesday, finishing the day at a three-week high of $1,162 an ounce, the Wall Street Journal reports. In 2016, gold climbed 8 percent despite a sharp selloff over the final three months of the year. A relatively strong dollar did not stop gold from rising last year either.
The popular cryptocurrency bitcoin began 2017 by climbing above the $1,000 level for the first time in three years. Bitcoin is currently trading around $1,020. Bitcoin's price rose steadily in 2016, appreciating about 137 percent over the last 12 months, CNBC reports. Bitcoin outperformed all central-bank issued currencies last year, according to the BBC. Cryptocurrency
UPDATE: Oil finished the day down more than 2 percent. Brent slid to $55.47, falling from the 18-month high it hit early in the day, Reuters reports. ORIGINAL: On the first trading day of 2017, oil prices hit 18-month highs, Reuters reports. Benchmark Brent crude rose by more than 2 percent to a high of $58.37,
The Dow Jones Industrial Average (+13.4%), Russia's RTS (+27%, or 52% in dollar terms), Argentina's Merval index (+45%), Brazil's Bovespa index (+39%), the Canadian TSX Composite index (+17.5%) Norway's All-Share index (+18%), Indonesia's stock market (+15%) and London's benchmark FTSE 100 (+14.4%) were the best performing stock markets of 2016, according to CNN Money. Following the "Trump bump,"