Comex gold futures prices ended the U.S. day session sharply higher Tuesday on fresh safe-haven investment demand. Investor risk appetite retreated Tuesday in the wake of some fresh, anemic gross domestic product figures coming out of the European Union, and on an uninspired reaction to the results of a meeting between French and German [...]
You have to respect the power of the Federal Reserve when just a statement can turn the entire stock market around in a day. Yesterday, the Fed admitted the economy was not good and in a statement said, “. . .downside risks to the economic outlook have increased.”
Because the economy is tanking, the [...]
Gold declined from its record above $1,800 an ounce after CME Group Inc. boosted margins on futures contracts, prompting some investors to sell the metal after a four-day rally.
Bullion for immediate delivery dropped as much as 0.8 percent to $1,779.20 and traded at $1,789.07 at 11:19 a.m. in Singapore. Earlier, the metal rallied [...]
For the first time in history US treasury bonds are no longer triple-A rated. The bonds of Germany, France, Canada and the UK now have a higher rating. But don’t worry, Former Federal Reserve Chairman, Alan Greenspan, ruled out the chance on Sunday of a US default.
“The United States can pay any debt [...]
U.S. stocks cratered Thursday, sending the Dow Jones Industrial Average -4.31% to its worst-point drop since December 2008, as fears about the global economy sparked a broad sell off that accelerated into the close.
Gold rallied to fresh highs this afternoon shortly after the publishing of US jobs data which reported 400,000 Americans made [...]
Gold hit a record for a second straight day yesterday, driven by deepening fears over the spread of the European debt crisis and its impact on regional growth, while data showed a number of central banks bought gold in June.
The United States managed to avert an unprecedented debt default on Tuesday after lawmakers [...]
Comex gold futures prices ended the U.S. day session sharply higher and set another new all-time record high of $1,647.80. Strong safe-haven investor demand amid several market place worries continues to boost the precious metals markets, and especially gold. It did not take traders and investors long to look past the U.S. debt limit [...]
Gold prices ended the week the way it began, hitting a record price in New York Friday, as equities retreated with news of a slowing economic recovery.
The Commerce Department said the real gross domestic product rose 1.3 percent in the second quarter, down from 1.9 percent in the first quarter of the year.
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WASHINGTON (MarketWatch) — Congress resists a White House request to raise the limit on how much the U.S. can borrow. The president warns of disaster. And the fight goes down to the wire. Sounds like the current budget standoff, right? Or the famous dustup between President Clinton and a Republican Congress in 1995-1996? Try [...]
Gold futures ran to record highs and then pared those gains Wednesday as the market oscillates while traders monitor U.S. budget and debt-ceiling talks.
“All of the markets at the moment are fixated on the U.S. and the debate on our debt,” said Frank Lesh, broker and futures analyst with FuturePath Trading.
As of [...]
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