SAN FRANCISCO (MarketWatch) -- Oil and gold futures on Friday approached the end of their floor sessions adding to gains. With less than one hour to settlement, oil for August delivery added $5.99, or 7.7%, to trade at $83.67 a barrel on the New York Mercantile Exchange. Gold approached settlement above the key psychological mark of $1,600 an ounce, with gold for August delivery up $51.90, or 3.4%, to $1,602.30 an ounce on the Comex division of the Nymex. Commodities and a slew of other assets cheered Europe's bank plan announced during a two-day summit.
U.S. stock rally reduces second-quarter losses,after European Union leaders agree to steps to bolster the economies of the region’s more troubled nations.
‘Stop the world, I want to get off’ must be a common refrain these days for international-stock-fund shareholders. A tumultuous quarter left bailed-out countries and burned out investors, writes Myra Saefong.
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