Palladium contract rallies as copper bucks sector’s upward trend.
Gold futures rose to a record Tuesday, spurred by continued fears about prospects for a worldwide slide into recession and as investors sought out an alternative to currencies.
Gold for August delivery, the most active contract, added $6.40, or 0.5%, to $1,246.10 an ounce on the Comex division [...]
Posts Tagged ‘recession’
Gold touches record high as investors fear recession
June 8th, 2010 by Financial Writer
Tags: business investment, Debt, debt crisis, economy recovery, financial markets, inflation, investor market, money, recession, us stocks
more...PRECIOUS METALS: Platinum, Palladium Plummet On Risk Aversion
May 20th, 2010 by Financial Writer
Platinum and palladium Thursday hit their lowest levels since February as investors continued exiting positions in all precious metals to avoid risk on concerns European debt issues will hurt economic growth.
One analyst said platinum and palladium fell hardest since the share of investment demand in them became greater than other commodities, making them more vulnerable [...]
Tags: economic recovery, economy, european economy, european union, financial, financial markets, Global Economy, investors, recession, us economy, us stocks
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens
May 8th, 2010 by Financial Writer
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens.
European Union finance ministers meet today to hammer out the details of an emergency fund to prevent a sovereign debt crisis from shattering confidence in the 11- year-old euro.
Jolted into action by last week’s slide in the currency to the lowest in 14 months and [...]
Tags: borrowers, economic recovery, economy, economy recovery, Europe, financial, financial crisis, Global Economy, recession, USA
Economic outlook is cautious even with spending up
May 3rd, 2010 by Financial Writer
WASHINGTON — Factories are churning out more goods. Consumers are spending. Government aid is fueling construction activity. But stagnant pay and weak hiring will likely restrain the economic rebound in coming months.
That cautionary picture emerged from a series of economic reports Monday.
Consumers stepped up their spending in March by the largest amount in five months. [...]
Tags: businesses, commerce department, economy, housing market, inflation, money, recession, U.S. markets, unemployment rate, us economy
German Economy Seen Returning to Growth
April 15th, 2010 by Financial Writer
BERLIN — Germany’s economy is on track to recover gradually from the financial crisis, despite stagnating growth this winter, a group of leading institutes said Thursday.
The report, prepared by a group of leading German economic think tanks, forecast that Germany’s economy will grow 1.5% in 2010 and 1.4% in 2011, led by recovery in Germany’s [...]
Tags: economy, european central bank, financial, financial crisis, germany, Global Economy, inflation, monetary, recession
TREASURIES-Yields near 9-month highs on jobs picture
April 5th, 2010 by Financial Writer
NEW YORK, April 5 (Reuters) - U.S. Treasury prices slipped on Monday, leaving benchmark yields near 9-month highs after last week’s government report showing the strongest monthly job growth in nearly three years.
The March payrolls data pushed bond yields up as traders assumed the Federal Reserve would pursue a less accommodative monetary policy once the [...]
Tags: ben, economy, economy recovery, financial, financial markets, recession, us economy, USA
Recession Speeds Shift In Balance Of Power
April 1st, 2010 by Financial Writer
The rise of China and India is redrawing geopolitical lines.
This is the fifth and last in a series of edited excerpts from Nomura’s recent report “The Ascent of Asia.”
World history has been dominated not by singular events but by processes that have gradually wrought fundamental paradigm shifts. In other words, human history, like geology and [...]
Tags: China, economy, financial crisis, india, recession, USA
Ten cities managing to weather the recession
March 9th, 2010 by Financial Writer
Las month business in Washington, D.C. ground to a halt as record snowfalls pummeled the area and a sparring match over national health care reform hijacked the political conversation. But the nation’s capital is getting something right: It is emerging from the recession better than any other major city in the country, according to research [...]
Tags: business, economic recovery, month business, recession, unemployment
Rising Fortunes Are Building China’s Housing Market
February 5th, 2010 by Financial Writer
China’s young and red-hot housing market got caught up in the recession along with the rest of the world. But its downturn became neither as severe nor as prolonged as in the U.S.
Unlike U.S. lenders, China’s state-owned banks didn’t offer subprime loans to just about anyone with a pulse, nor sell loans into secondary markets.
By [...]
Tags: building china's, chinese real estate, housing market, recession, us lenders
Visa 1Q profit rises 33 percent, beats estimates
February 4th, 2010 by Financial Writer
Visa Inc. on Wednesday said its profit rose 33 percent in the fiscal first-quarter on increased revenue, even as consumers pull back sharply on spending amid the recession.
The payment processing giant reported net income of $763 million, or $1.02 per share, compared with $574 million, or 74 cents per share a year ago.
Revenue growth was [...]
Tags: consumers, payments network, recession, us consumers, us economy, us payment, visa