US stocks rally on news of Libya announcement of immediate ceasefire.
Gold Bullion prices stalled just above $1400 per ounce for the second day running on Thursday, as crude oil rose sharply amid the near-meltdown at Japan's Fukushima nuclear reactors.
FOMC Statement from March 15, 2011
U.S. stocks plunged on Tuesday, following sell-off in European and Asian stock markets on escalating fears of a nuclear crisis after a radiation leak was detected at the Fukushima Daiichi nuclear plant.
Manufacturing activity in New York State expanded more than expected in March, reaching the highest levels since June 2010.
U.S. stocks declined on Monday, as investors were worried about the impact of the devastating earthquake and tsunami in Japan on the global economy.
Gold Bullion prices jumped at the start of Asian trade on Monday, gaining 1% against all major currencies as news broke that a third nuclear reactor north-east of Tokyo has gone into meltdown following last week's Japanese tsunami.
The massive earthquake in the Japan and the vulnerability of its nuclear energy sector has raised serious questions about the nation’s preparedness for such a catastrophe and its basic nuclear policy.
European shares hit a three-month low in early trade and Asian stocks too dropped on Friday, while U.S. futures headed lower, after a powerful 8.9-magnitude earthquake has struck off Japan's northeastern coast, triggering a tsunami as high as 10 metres.
A net importer of Gold despite now being the world's No.1 mining producer, China saw 200 tonnes of demand during Jan. and Feb. according to an estimate from Swiss bank and bullion market-maker UBS.
U.S. stocks declined in early trade on Thursday after official data showed that applications for jobless benefits in the U.S. rose more than expected last week, after falling to the lowest level since May 2008 in the previous week.
China should increase its gold reserves appropriately, and must take every chance to buy, especially when Gold Prices fall, said Li Yining, a senior economist at Peking University and an advisor to the national parliament's Political Consultative Committee, quoted today by Beijing's official Xinhua News Agency.
The U.S. Department of Energy forecasts oil prices to average $105 a barrel in 2011, and said there is a 25 percent chance that gasoline prices will exceed $4 a gallon this summer.
Gold Bullion slipped vs. a rebounding Dollar in London on Tuesday, briefly dropping 1.4% from yesterday's new record highs as world stock markets extended their losses.
U.S. stocks turned lower on Monday, led by declines from technology and consumer-discretionary companies as oil prices remained near $105-a-barrel amid ongoing political tensions in Libya
The Gold Price rose new all-time highs vs. a falling US Dollar on Monday morning in London, hitting almost $1445 per ounce as European stock markets held flat and major-economy government bonds slipped, nudging interest rates up.
Asian stock markets declined first time in three days on Monday as sentiment was dampened by higher oil prices amid continuing political unrest in the Middle East.
Troops loyal to Muammar Gaddafi have launched counter-offensives against rebel-held towns, increasing fears that Libya is heading for a civil war rather than the swift revolutions seen in Tunisia and Egypt.
Hong Kong stocks edged lower on Monday as higher oil prices weighed but a buoyant day in Shanghai shielded the market from bigger declines and underscored the growing optimism for Chinese shares.
U.S. stocks dropped as a spike in oil prices (driven by deepening unrest in Libya) overshadowed a strong February jobs report.
The U.S. Federal Reserve is right to carry on with its cheap money policy to fight high unemployment, but policymakers must stay on guard for signs of inflation, two top Fed officials said on Thursday. Atlanta Fed President Dennis Lockhart, speaking in Tallahassee, Fla., said the Fed should stay vigilant for any rise in inflation
U.S. stocks ended sharply higher on Thursday as stronger than expected initial jobless claims data and an easing of oil prices after reports of a possible peace deal in Libya buoyed sentiment.
