Gold prices rose above $1,680 an ounce on Monday as the dollar steadied off earlier one-month highs against the euro, with the U.S. unit further paring gains after U.S. construction spending and manufacturing data.
Gold prices will continue to rise steadily throughout the next 12 months, as long as the U.S. economy maintains its tepid recovery, according to a note recently released by Goldman Sachs Group Inc.
The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
The U.S. nonfarm payroll report on Friday will highlight the economic calendar this week -- April 2 to 6 -- even though it will be released on Good Friday when the stock market is closed.
The Chicago Purchasing Managers' business barometer, commonly known as the Chicago PMI, for March dropped to 62.2, down from 64.0 in February and below analyst expectations of 63.0.
Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.
The perception, driven by bonds' performance, that the euro's success would continue unabated was shattered beginning in October 2009, when Greece’s 10-year yields soared to 10.3 percent. Today, U.S. policymakers may be making the same mistake in failing to recognize threats of a coming financial crisis.
Containing inflation will be critical when the time finally comes for the U.S. Federal Reserve to reverse its ultra loose monetary policy, two top Fed officials said on Thursday.
Federal Reserve Chairman Ben Bernanke said on Thursday that he expects the U.S. economy to return to a long-term growth rate around three percent over time.
What if the Unites States (a much larger and more powerful nation than Greece) were to face a similar crisis as the Greeks?
Gold prices slipped below $1,660 an ounce in Europe on Thursday, extending their retreat from two-week highs into a third session, as the dollar recovered from a near one-month low and crude oil prices turned lower.
Euro zone nations are falling far behind the United States and Canada as a fragile recovery takes root in advanced economies, the OECD said on Thursday, advising central banks to keep easy money flowing so the rebound does not prove short-lived.
Claims for jobless benefits fell to 359,000, but Federal Reserve Chairman Ben Bernanke warned this week that recently improved employment data seem out of sync with the pace of U.S. economic growth.
Gold prices slid below $1,680 an ounce on Wednesday, extending the previous day's retreat from two-week highs as the momentum sparked by expectations for further monetary easing faded after the metal failed to break through key resistance.
Stock index futures rose on Wednesday with large-cap shares looking to pierce 52-week highs, but the major indexes were not seen making big moves before the end of the quarter.
US stocks closed lower on Tuesday, following poor consumer confidence data and a fall in the property value index.
The Federal Reserve prevented a global economic catastrophe with its response to the 2007-2009 financial crisis, Federal Reserve Chairman Ben S. Bernanke claime in in a speech on Tuesday.
The central bank's decision to provide dollar swap lines to Europe was made in the United States' best interests and not solely to benefit Europe, a top Federal Reserve official said on Tuesday.
Factory output in the central Atlantic region of the U.S. expanded in March for the fourth straight month, but at a more temperate pace than a month ago, the Federal Reserve Bank of Richmond reported Tuesday.
Stock index futures were flat on Monday as investors found little reason to keep pushing shares higher after a 1 percent rally in the previous session.
Futures on major US stock indices point to a flat opening on Tuesday ahead of reports on home prices and consumer confidence.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.29 percent and Nasdaq 100 futures up 0.36 percent at 0920 GMT.