Gold may rally more than 20 percent from this month’s record to a high of $1,650 an ounce in 12 months as the Federal Reserve takes action to stimulate the U.S. economy, according to Goldman Sachs Group Inc.
Bullion may gain to $1,400 an ounce in three months and $1,525 an ounce in six months, analysts [...]
Posts Tagged ‘us economic recovery’
Gold May Climb to Record $1,650 an Ounce on Fed Easing, Goldman Forecasts
October 13th, 2010 by Financial Writer
Tags: Federal Reserve, interest rates, monetary, us economic recovery, us economy
more...Economy growing slowly but steadily
June 5th, 2010 by Financial Writer
The headlines right now are ominous — from the European debt crisis to a gargantuan gulf oil spill to renewed political tensions in several corners of the world. Financial markets have faltered as a result.
But the U.S. economic recovery is still plugging along.
That is the message from the latest wave of economic data, including several [...]
Tags: businesses, debt crisis, economy, economy recovery, euro zone, european economy, Federal Reserve, financial, financial markets, unemployment rate, us economic recovery, USA
U.S. economy added 290,000 jobs in April
May 7th, 2010 by Financial Writer
Jobless rate rises to 9.9 percent as size of labor force increased
WASHINGTON - U.S. employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery gaining steam.
Employers added 290,000 jobs in April, the Labor Department said Friday, far more than analysts had expected. [...]
Tags: barack obama, businesses, financial markets, Global Economy, stock market, unemployment rate, us economic recovery, us economy, us employment, us job market, USA
Investors worry about Downturn: The Sequel
February 8th, 2010 by Financial Writer
Jittery stock traders react to each day’s news as if it could be the start of Financial Crisis 2.0. On Thursday, the Standard & Poor’s 500 index suffered its biggest one-day drop in more than nine months because of worries about debt problems in Greece, Portugal and Spain. Concerns about China’s plans to limit economic [...]
Tags: downturn, economic growth, financial crisis, investors, jittery stock, the sequel, us economic recovery