Gold for immediate delivery declined as the dollar strengthened, paring investors’ demand for the metal as an alternative to currencies. Silver reversed a fall to climb to the highest price since March 1980.
Spot gold dropped for the first day in four, losing as much as 0.4 percent to $1,403.65 an ounce before trading at $1,407.35 [...]
Archive for the ‘US Inflation’ Category
Gold Drops From Record as Dollar’s Climb Cuts Investors’ Demand for Haven
November 8th, 2010 by Financial Writer
Tags: economic, economists, exchange rates, gold price, inflation, loans, money, precious metal, us economy, us stocks
more...Fed expected to make big bond buy; what will impact be?
October 28th, 2010 by Financial Writer
The Federal Reserve next week is expected to give the economy the equivalent of a B-12 shot.
But many economists question whether it will be enough to perk up a listless recovery. Others say it ultimately will lead to rampant inflation.
Based on its signals since August, the central bank Wednesday will likely announce a new round [...]
Tags: economic growth, economy recovery, financial markets, Global Economy, homeowners, inflation, interest rates, loans, money, mortgage lenders, stock market
Inflation Bonds Are Sold With Negative Yield for First Time
October 25th, 2010 by Financial Writer
At a time when savers complain that they are earning almost no interest from their bank accounts, some investors on Monday bought United States government bonds that effectively had negative rate of return.
Bizarre as it sounds, that is correct. In an auction of a special kind of five-year Treasury bond, investors paid $105.50 for every [...]
Tags: borrowers, commerce department, financial crisis, inflation, interest rates, investors, loans, money, us stocks, us treasury
Bernanke Boasts Of New Regulation Success In Speech
September 25th, 2010 by Financial Writer
Federal Reserve Chairman Ben Bernanke boasted about the improvements new regulations have provided to the old structure in a speech at Princeton University yesterday.
“First, the recent reform legislation has improved the design of the regulatory framework, closing important gaps such as the lack of oversight of the shadow banking system,” he said.
Bernanke also felt the [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, Global Economy, private bankers, us economy
Volcker: Fed Must Not Sow Seeds of Inflation
September 23rd, 2010 by Financial Writer
Paul Volcker, special adviser to President Barack Obama, said on Thursday that while the Federal Reserve’s purchases of long-term Treasuries are “understandable,” the central bank must be careful not to set the stage for future inflation.
The former Federal Reserve chairman, known for slaying inflation in the 1980s by hiking interest rates well into the double [...]
Tags: economic recovery, Federal Reserve, home sales, inflation, interest rates, mortgage market, recession, unemployment
Yuan Climbs to Strongest Since 1993 After Obama Criticizes China Policies
September 20th, 2010 by Financial Writer
The yuan climbed to the strongest level since 1993 after President Barack Obama criticized China for not letting its currency strengthen.
China’s leaders haven’t done “everything they said would be done” to allow appreciation, Obama said at an hour-long town hall discussion in Washington. Yuan forwards gained for a fourth day as the dollar weakened against [...]
Tags: Chinese economy, currency market, economic growth, economy recovery, financial markets, financial system, japan's economy, us economy
Producer Costs in U.S. Unexpectedly Dropped in April
May 18th, 2010 by Financial Writer
Wholesale prices in the U.S. unexpectedly dropped in April, the second decrease in three months, signaling the global recovery from the worst recession in the post-World War II era has yet to stoke inflation.
The 0.1 percent decline in prices paid to factories, farmers and other producers followed a 0.7 percent increase in March, the Labor [...]
Tags: Debt, Dow Jones Industrial, economy, Federal Reserve, financial, financial crisis, financial markets, Global Economy, global recovery, interest rates
Bank Stocks Show Little Reaction To Added Probes
May 13th, 2010 by Financial Writer
The financial sector largely shrugged off reports of new federal investigations into banks’ roles in mortgage-bond deals, with shares slightly lower as additional investigations largely were expected.
Federal prosecutors, working with securities regulators, are conducting a preliminary criminal probe into whether several major Wall Street banks misled investors about their roles in mortgage-bond deals, a person [...]
Tags: banks, business, financial, financial markets, investors, mortgage, mortgage market, stock market, us economy, us stocks, wall street
U.S. Stocks Surge After Announcement of European Loan Package
May 10th, 2010 by Financial Writer
U.S. stocks rallied, with the Standard & Poor’s 500 Index gaining the most intraday since April 2009, after European policy makers unveiled loan package valued at almost $1 trillion to contain a sovereign-debt crisis.
Citigroup Inc., Bank of America Corp. and Morgan Stanley jumped more than 4 percent. Schlumberger Ltd. and Chevron Corp. followed oil prices [...]
Tags: bank, Dow Jones Industrial, economy, european central bank, european union, financial, financial markets, Global Economy, IMF, investors, stock market, us stocks
Stock Start Weak on Euro-Zone Worries
May 5th, 2010 by Financial Writer
NEW YORK—U.S. stocks tumbled after the opening bell, hit by heightened concerns over Europe as violence erupted in Greece and a possible downgrade loomed over Portugal’s debt.
The Dow Jones Industrial Average slid 86 points, or 0.8%, to 10840, in early trading, extending Tuesday’s 225-point drop. The Nasdaq Composite fell 1.3% and Standard & Poor’s 500-stock [...]
Tags: banks, Dow Jones Industrial, economy, investors, stock market, unemployment rate, us economy, us stocks, wall street