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metals markets probes about neil young will shut acoustic young recounts Monday for the Martin Luther King Jr. holiday and reopen for regular trade Tuesday.Gold ignored short-term deflation concerns U.S. inflation slowed to a half-century low last year, with the Consumer Price Index dropping a sharp 0.7 percent in December, a third straight monthly decline.”The fall in headline CPI was a bit less than the market had priced in, and core CPI was unchanged, so that was supportive of gold,” said Dresdner Kleinwort consultant Peter Fertig.A recovery in the euro and the equity markets was supporting the precious metal, he added.The dollar extended losses versus the euro after the government report showing a continued drop in U.S. consumer prices, helping revive appetite for other currencies.In addition to the weak dollar, interest in bullion as a haven from risk was also lifting gold, analysts said.”Risk aversion is high,” said Commerzbank analyst Eugen Weinberg. “People are looking at gold right now as a real hedge against everything — an alternative asset.”Weakness in the banking sector, with Bank of America and Citigroup reporting large fourth-quarter losses on Friday, was increasing investor jitters and further supporting gold, he added.”The more problems we see in the banking sector, and the financial sector in general, the more attractive gold as a hedge against such risk will be,” he said.GOLD, SILVER ETFs HIT RECORDInvestment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost bullion’s appeal.The world’s largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust, said its holdings rose on Thursday to a record 795.25 tons.Demand for physical gold from ETFs has been a major factor supporting prices in recent years. In December, SPDR overtook the Bank of Japan as the world’s seventh largest holder of gold.The world’s largest silver-backed ETF, the iShares Silver Trust, said its holdings climbed 1 percent to a record 7,143.27 tons on January 14.Strength in demand for silver bullion from ETFs is helping to outweigh falling demand in other areas, analysts said.Spot silver was at $11.23 an ounce, up 6.1 percent from its previous session close of $10.58.Among other precious metals, platinum and palladium were steady, benefiting from gold’s strength and the dollar’s weakness, but picking up little fresh momentum as traders continue to worry about the outlook for demand.Spot platinum was at $946.50 an ounce, up 2.6 percent from its $922.50 finish in New York late on Thursday, while spot palladium was at $183.00 an ounce, 3.4 percent higher than its $177 previous close on Thursday.(Editing by Walter Bagley) Hot Stocks. NEW YORK (Reuters) – New York state will receive at least $109 million of the $350 million that Lloyds TSB Group Plc has agreed to forfeit to U.S.
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Ten Israeli soldiers have died in the fighting and three Israeli civilians have been killed by rockets fired from Gaza free neil young . Israeli Prime Minister Ehud Olmert was due to convene his security cabinet on Saturday night to decide on a ceasefire neil discography . Word could come less than 72 hours before the inauguration of Barack Obama as U.S president neil tabs Neil Young tickets – neilyoung . Some say Israel wants to avoid casting a cloud over a historic moment for its main ally Israeli support for the offensive has been almost total neil man . But international calls for an end to the bloodshed are mounting and the despair of Gaza civilians is harrowing. Israeli television on Friday broadcast desperate cries for help from a Palestinian doctor in Gaza after his children were killed in an Israeli attack.
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Israeli tank fire hit the home of a Hamas militant, killing his wife and five children The militant was not there at the time . About 45,000 Gazans fleeing the fighting have taken refuge in U.N.-run schools in the enclave, U.N officials said neil harvest . Israeli officials said Egypt’s mediation with Hamas is not progressing powderfinger young . But Israel may believe it has “taught Hamas a lesson”, as Olmert put its aims, and prefers just to stop nowrather than give Hamas the satisfaction of a negotiated deal . Israeli Foreign Minister Tzipi Livni, hoping to replace Olmert as prime minister when Israel votes on Feb. 11, said an on Friday that an end to the war “doesn’t have to be in agreement with Hamas but rather in arrangements against Hamas”.
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