Gold priced in US dollars rose for a second day on Tuesday. Reflecting the improved consumer appetite for gold in Asia, premiums for gold bars rose on Monday to hit another two-year high as jewelers from China rushed to buy ahead of the Lunar New Year, while purchases from the electronics sector helped stir up physical trading in Japan, dealers said.
PIMCO's Anthony Crescenzi , author of one of the few books on macroeconomic investing, speaks to IBTimes about his views on the broad economy and the tools he uses to monitor it.
Monetary policy cannot speed up labor market healing or prevent asset price bubbles, and counting on it to do so may do more harm than good, a top U.S. Federal Reserve official said.
Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.
The U.S. economy needs a far better footing before the Federal Reserve reverses its current policy, and even more stimulus may be needed if the housing market hampers the rebound, a top Fed official said on Friday.
The U.S. economic recovery is picking up steam and the Federal Reserve should continuously reevaluate its policy of buying government bonds to support growth, Richmond Fed President Jeffrey Lacker said on Friday.
Jim Rogers, the famous commodity bull, currently favors rice over gold as an investment.
During the dark days of 2008 as its banking system and economy was collapsing, the cash-strapped government of Iceland asked the United States for a $1-billion loan, according to a WikiLeaks document.
The U.S. economy still needs support from the Federal Reserve even if growth prospects appear firmer, top Federal Reserve officials said on Friday.
Austerity has come to America through state and local governments.
High-profile banking analyst Richard Bove said the U.S. banking sector is entering into a “golden age.” The financial strategist at Rochdale Securities explains that banks have so flush cash on their balance sheets that corporate earnings will grow by 20 percent annually over the next few years.
Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.
The outlook for the U.S. economy has brightened, Federal Reserve Chairman Ben Bernanke said on Thursday, though he warned that growth this year won't be strong enough to bring down the jobless rate as speedily as policy makers would like.
Ben Bernanke, the chairman of the Federal Reserve Bank, said the U.S. economy is likely to grow by 3 percent to 4 percent in 2011 (a faster expansion than in 2010), but that such growth will not be sufficient to reduce unemployment to acceptable levels.
The U.S. economy should grow around 3 percent to 4 percent this year, a healthier clip than in 2010, but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday.
The U.S. economy should grow around 3 percent to 4 percent this year, a healthier clip than 2010, but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday.
Stock rallied as banks/financials stocks pushed higher following an upgrade of the sector by Wells Fargo and a successful bond offering in Portugal.
The battered U.S. labor market may finally be looking up, according to a report from the Federal Reserve that found modestly better job conditions across the country.
The American economy closed out 2010 on a relatively strong note, suggesting an improving economy for this year, according to the Federal Reserve’s “Beige Book” report, a nationwide survey of economic conditions.
Summary of Fed Beige Book, January 12, 2011
The U.S. economy strengthened as the year drew to a close, according to a report from the Federal Reserve on Wednesday that cited rising employment levels across the country.
The U.S. economy strengthened as the year drew to a close, according to a report from the Federal Reserve on Wednesday that cited rising employment levels across the country.
