Gold prices rose more than 1 percent to their highest in three weeks on Friday after data showing U.S. payrolls fell for a second straight month, and by more than expected, knocked the dollar.
Spot gold rose as high as $1,208.65 an ounce, its strongest since July 16, and was at $1,207.10 an ounce at 1308 [...]
Posts Tagged ‘economic reports’
Gold hits 3-week high as U.S. data knocks dollar
August 7th, 2010 by Financial Writer
Tags: China, economic reports, Federal Reserve, global financial markets, gold price, precious metal, us stocks
more...Wall Street Traders Return and Start Buying
July 6th, 2010 by Financial Writer
Traders returned to Wall Street on Tuesday from a long holiday weekend and promptly began to buy.
Shares in Europe and Asia were also higher as investors tried to recover losses that piled up after a string of disappointing economic reports.
The jump as investors looked past a report that growth in services businesses slowed last month. [...]
Tags: bank of england, bank stock, businesses, consumer spending, Dow Jones Industrial, economic growth, economic reports, economists, european central bank, investors, Nasdaq composite, wall street, world economic
Economic reports raise hopes for global recovery
December 12th, 2009 by Financial Writer
Just in time for Christmas, the fragile economic recovery is showing signs of strengthening: Consumers are spending, companies are rebuilding stockpiles and Chinese exports are mounting a comeback.
Data released Friday eased some worries about Americans’ willingness to spend this holiday season. But stores remain worried that they may have to offer deeper discounts than planned, [...]
Tags: economic reports, economy struggling, global recovery, increase economists, unemployment