The bull market in Gold is in its 12th year (globally it began in 1999) but has yet to exhibit any bubble-like conditions. Institutional accumulation began in 2009 (e.g. Paulson, Einhorn) and we know that phase lasts at least a few years before a bull market gives birth to a bubble.
The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January, and prices paid jumped more than expected in the latest sign the economic recovery is gaining traction.
The U.S. economy is recovering, but the speed of improvement should not be overstated and it is too early to declare victory, a top Federal Reserve policy-maker said on Monday.
Banks were the most optimistic in years as 2011 began that they will not have to write off as many bad business and consumer loans this year, a survey issued by the Federal Reserve showed on Monday.
Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.
Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.
The S&P 500 index surpassed the 1300-point level twice today, the first time the index reached that plateau since August, 2008, as U.S. stocks finished slightly up today on mixed earnings reports.
Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.
Jamie Dimon, the chief executive officer of JP Morgan Chase (NYSE: JPM) defended the banking industry during a question-and-answer session with the media at a symposium at the world economic forum in Davos, Switzerland.
New U.S. claims for unemployment benefits rose more than expected last week as harsh weather conditions in some parts of the country kept workers at home and caused a backlog in the processing
Gold fell back from its third overnight rally in four days in London trade on Thursday, dropping 1.1% against the Dollar. We don't feel that this downward pressure can persist, given ample global liquidity and low long-term real interest rates, says Standard Bank's commodity team in a client note.
The Federal Reserve showed on Wednesday it was in no rush to cut short its rescue of the U.S. economy, saying high unemployment still justified its $600 billion bond-buying plan even though the economy has
U.S. short-term interest rate futures traders pared bets that the Federal Reserve will start raising rates this year after the central bank left rates near zero and reiterated its promise to keep them there for an extended period.
Following is the Federal Open Market Committee's statement on interest rate policy issued at the close of its meeting on Wednesday:
The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.
The U.S. Federal Reserve gave a lukewarm economic assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program.
Full-text of FOMC policy statement of Jan. 26, 2011.
US stocks are trading mixed in early trade on Wednesday as declines from Boeing weighed on Dow, while investors and markets await the US Federal Reserve’s meeting and interest rate decision.
The main gold exchange-traded fund, the SPDR Gold Trust, recorded its biggest ever one-day outflow on Tuesday. The precious metal is taking some support from physical demand after its slide to its lowest since October 28, but buying interest remains lackluster.
Both Bush and Clinton Adminstrations were at fault, as well as former Fed Chairman Alan Greenspan and current Treasury Secretary Timothy Geithner, as well as former Treasury chief Henry Paulson, says inquiry
Futures on major U.S. indices point to higher opening on Wednesday ahead of the US Federal Reserve’s meeting and new home sales data.
The U.S. Federal Reserve began a two-day meeting on Tuesday that is expected to end with a nod to an improved economic outlook but no change in course on its $600 billion bond-buying plan.