Gold Falls on Profit Taking, Ends Week Flat
Gold fell on Friday as investors took profits after an initial rally driven by growing confidence that Greece was edging closer toward winning a new rescue package.
U.S. Consumer Price Index Rose 0.2% in January, Less than Expected
The U.S. consumer price index rose less than forecast in January as prices for household energy and used automobiles cooled, supporting the Federal Reserve's view that inflation will remain in check.
Jobless claims drop to near 4-year low
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
Fed Minutes Reveal Accord on Low Rates, Split on Bond-Buying
Minutes of the Federal Reserve Board's January meeting confirm that current board governors are divided on engaging in another round of bond purchasing, but they also portrayed the central bank leaders as agreed on the propriety of ultra-low interest rates.
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Bank of Japan Boosting its Asset-Buying Program
The Bank of Japan said Tuesday it increased its asset buying program by $130 billion and set an inflation target of one percent to stimulate economic growth and combat deflation.
BOJ Signals More Aggressive Policy, Sets Inflation Goal
The Bank of Japan boosted its asset buying program by $130 billion on Tuesday and in the face of political pressure set an inflation goal of one percent, signaling a more aggressive monetary policy to pull an ailing economy out of deflation.
Euro, global shares slip on European debt worries
Global shares and the euro eased and safe-haven German government bonds rose on Tuesday as demand for riskier assets stalled after ratings agency Moody's downgraded six European nations, taking the shine off the Bank of Japan's policy easing.
Williams: Fed Must Keep Policy Throttle 'Wide Open'
The U.S. Federal Reserve should do all it can to reduce very high unemployment and bring inflation back up to more desirable levels, a top Fed official said on Monday.
Fed Minutes to Clarify Extent of Discord on Easing
A number of top Federal Reserve officials likely saw a need for additional monetary easing at the central bank's meeting last month, although there are few signals the central bank will move soon.
UK Economy: Will It Suffer a Recession in 2012?
The UK economy is under significant pressure in the shadow of uncertainty cast by the eurozone debt crisis which is resulting in its losing the momentum of recovery.
Bank of England injects £50 billion more to support recovery
The Bank of England voted to inject another 50 billion pounds into the financial system as part of its efforts to shore up a fragile recovery in the economy, which remains at risk of slipping back into recession.
Jobs Rebound Dampens QE3 Prospects: Fed Officials
The pick-up in jobs has caught the eye of two top Federal Reserve officials who said on Wednesday that continued improvement in the beleaguered labor market dampens prospects for more economic stimulus measures from the central bank.
Richmond Fed Chief Opposes More Easing
A top Federal Reserve official said Wednesday he does not see a rationale for more asset purchases if U.S. economic data continue to show the recovery is picking up steam.
Need for more Fed bond buys a close call: Williams
The U.S. central bank may yet need to buy more bonds to bolster the weak recovery, but better-than-expected jobs data makes it a close call, a top Federal Reserve official said on Wednesday.
Fed May Resume Bond Buying, SF Fed President Says
The president of the Federal Reserve Bank of San Francisco said Wednesday the Fed may resume expanding its balance sheet to boost the U.S. economy if the recovery loses momentum or inflation stays below two percent.
Fed should raise rates in 2013, Bullard says
The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing disaster.
Gold Edges up After Heavy Losses on U.S. Jobs Surprise
Spot gold edged higher on Monday after surprisingly strong U.S. jobs data sent prices down nearly 2 percent in the previous session, as investors shifted focus to a looming deadline for Greece to accept the terms of a new bailout deal.
Gold Dips 1% on U.S. Jobs Data, Posts Small Weekly Drop
Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging U.S. payrolls data smashed hopes of extra stimulus from the Federal Reserve, which had been priced into bullion's recent rally.
Shares, euro flat ahead of U.S. jobs report
A dip in figures on China's non-manufacturing sector helped dampen financial markets optimism on Friday ahead of U.S. jobs data that will offer more clues on the strength of the world's top economy.
Gold Prices Hold Steady; Heading for 5th Winning Week
Gold prices held steady on Friday, on course for a fifth straight week of gains, as investors awaited a key U.S. labor market report after upbeat jobless claims data in the previous session helped send bullion to a two-month high.
Fed Still Divided as Fisher Sees no Need for QE3
A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
India Won’t Cut Iranian Oil Import, Says Mukherjee
India, the world's fourth-largest oil consumer, will not take steps to cut petroleum imports from Iran despite U.S. and European sanctions against Tehran, finance minister Pranab Mukherjee said on Sunday during a visit to Chicago.
SBI May Return to Overseas Markets
State Bank of India, the country's biggest lender, said it could revive international fundraising plans in 3-4 months, in a sign it believed the eurozone crisis might be easing.
Gold Prices Rise Again, Topping 10% for the Week
Gold prices posted a modest gain Friday, capping a three-day rally as well as a week in which the yellow metal jumped 4.15 percent.
Wall St edges lower after GDP data
Stocks slipped on Friday as data showed the U.S. economy grew less than expected in the fourth quarter, while some disappointing earnings added pressure to the market.
U.S. Debt Prices Rise, Fed's Power May be Doubted
Treasury debt prices rose on Thursday, and five-year note yields dipped to the lowest level since at least the 1960s, a day after the Federal Reserve said it will likely hold interest rates near zero at least through late 2014.
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