The budget deficit for cash-strapped Greece is even worse than previously thought, according revised data from the European Union’s statistical office, Eurostat.
The Gold Price recovered an overnight dip below $1500 per ounce in London on Tuesday, trading less than 1% shy of yesterday's new all-time high at $1518 as European stock markets rose together with major government bonds and energy prices.
The euro has decoupled from the euro zone peripheral debt crisis in 2011.
US Treasuries are called the “risk-free assets” of the financial world. However, the moniker of “risk-free asset” may actually belong to another country.
Real gross domestic product (GDP) growth in the United States will reaccelerate, and reach 3.5–4 percent in the second half of this year, IHS Global Insight said in its April World Flash report.
For over 70 years the United States has been widely considered AAA top-notch benchmark sovereign risk. Standard & Poor (S&P)'s decision to impose a negative outlook now puts this status under question for the first time, reflecting the unsustainable debt trajectory and risks of policy response gridlock.
[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.
Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
The success of a far-right party in Finland’s general election may ultimately endanger the European Union’s (EU) financial bailout of Portugal.
Members of NATO are deeply divided over how much they want to participate in the military campaign in Libya. In fact, out of the 28 nations in the alliance, only five are actually conducting air strikes on the North African country, while 13 members (almost half) are offering no support to the mission at all.
Faced with its worst financial situation in over 30 years, Portugal avoided default on Friday by paying off maturing 2005 bonds.
Gold jumps to new record highs over $1480 US dollar per ounce on Friday as Asian demand is unstoppable. Silver is holding near its earlier 31-year high at $42.64.
Hitting $1472.50 for US investors today, the Gold Price also rose sharply against the British Pound - hitting its best level since New Year at £900 per ounce - but was in flat against most other major currencies. Silver Prices, in contrast, rose to new multi-decade highs across the board.
Physical Gold Investment prices held near yesterday's new all-time Dollar highs in London trade on Thursday, rising toward 3-week highs in Euro terms even as the European Central Bank made good on its promise to raise Eurozone base rates.
Diego Iscaro, senior economist at IHS Global Insight , warns that the bailout will not solve Portugal’s economic woes.
These Are My People!, an exhibition honoring Sousa Mendes, who helped 30,000 refugees escape the horrors of World War II by creating a route through Spain to Portugal, will be open to visitors.
The price of Gold reached new record highs vs. the Dollar on Wednesday in London, breaching $1460 per ounce as world stock markets also kept rising together with commodities and higher-yielding currencies.
Standard & Poor's Ratings Services said that it has downgraded its sovereign credit ratings on the Republic of Ireland to 'BBB+/A-2'.
Witticisms, super pranks, ultimate gags, hoaxes and plain lies are searching for fools this day. People turn the most cynical this day so that they don’t look naive, and turn on their gullibility meter at the highest level of alert. But a lot of us are caught off guard by some comic concoctions that mix contemporary humor with ingenious lies which are sometimes delectable.
Around 600 people lined up outside a store in London Friday afternoon to get their hands on a new iPad 2 tablet computer from Apple.
The symbolic action of turning lights out for an hour in an expression of concern for the environment is in the process of being officially observed in thousands of communities across 134 countries and territories on Australia, Asia, Africa and Europe.
US stocks are up on Friday, en route to end positive for the third consecutive session, as investors shrug off global concerns.
