Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
Data in the coming week should deliver more proof that a global recovery is at hand, but policy-makers are facing up to how sub-par growth over the long haul might constrain their policy choices.
MF Global Ltd , a futures and options broker that has just launched a Japan equity research-led team, said on Tuesday it will expand its operations in Japan to as many as 55 staff or a 28 percent rise by March.
U.S. gold futures hit a six-month high of $1,000 and spot gold also rose to six-month high on Tuesday as the dollar's weakness, concerns about the sustainability of the global economic recovery and worries about inflation underpinned sentiment.
Gold held broadly steady on Monday just shy of $995 per ounce, consolidating stellar gains last week that took it tantalizingly close to the $1,000 psychological level, with buyers encouraged by dollar weakness.
Banks in the United States need higher capital than they currently have, Alan Greenspan, former chairman of the Federal Reserve told a Mumbai conference via satellite on Monday.
Banks in the United States need higher capital than they currently have, Alan Greenspan, former chairman of the Federal Reserve told a Mumbai conference via satellite on Monday.
Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.
Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
Dallas Federal Reserve Bank President Richard Fisher on Thursday said the United States should have a good snap-back from recession in the final months of 2009, but that future growth could be a slow crawl.
Gold steadied near $990 an ounce on Friday, consolidating a potent two-day rally that took the market to within a whisker of $1,000, with inflation concerns and jitters over stock market gains stoking investor interest.
Gold steadied below $990 an ounce on Friday, consolidating a potent two-day rally that took the market to within a whisker of $1,000, with inflation concerns and jitters over stock market gains stoking investor interest.
Gold hovered a hair below $1,000 an ounce on Friday, consolidating the biggest two-day gain since March after a mix of inflation anxiety, a retreat from risk assets and a technical break stoked renewed investor interest.
Dallas Federal Reserve Bank President Richard Fisher on Thursday gave a muted outlook for the U.S. economy, saying a long period of slow growth lies ahead even when the recession ends.
Gold futures were a touch lower but remained near $1,000 after the previous session's rally, which took the metal to a six-month high as safe-haven buying gathered momentum on renewed economic uncertainties.
U.S. home prices are nearing the end of a three-year slump and should rise in 2010, though the overall economy can rebound even if the housing market does not, according to a Reuters poll.
U.S. home prices are nearing the end of a three-year slump and should rise in 2010, though the overall economy can rebound even if the housing market does not, according to a Reuters poll.
The European Central Bank kept interest rates unchanged at a record low of 1.0 percent on Thursday and President Jean-Claude Trichet said the euro zone economy faced a very gradual recovery from recession.
Federal Reserve policy-makers last month believed risks to the U.S. economy had eased considerably and discussed stretching out a program that has held down home loan rates.
The U.S. economy is recovering but growth will only pick up gradually and inflation is not a threat in this subdued environment, a top Federal Reserve official said on Wednesday.
