Gold futures rose to a record $1,260.90 an ounce on demand for a haven amid Europe’s fiscal woes and dimming prospects for the U.S. economy.
The metal has climbed 15 percent this year, outperforming equities and bonds, while the euro has slumped 14 percent. A majority of Greeks believe the country may go bankrupt, an opinion [...]
Posts Tagged ‘us recovery’
Gold Rises to Record on Haven Demand Amid U.S., Europe Concerns
June 18th, 2010 by Financial Writer
Tags: economists, euro zone, european economy, financial, money, precious metal, us economy, us federal reserve, us recovery
more...Economic survey: Slow recovery continues
January 25th, 2010 by Financial Writer
Businesses expect to boost hiring and capital spending in the first half of the year as the U.S. recovery from the recession slowly continues, according to a new survey.
Since the fall of 2009 demand has edged higher in the goods-producing, finance and real estate industries, while other sectors such as transportation are seeing less drastic [...]
Tags: business economics, businesses, economic, real estate industries, recession, us recovery
Fed sees little risk of inflation in weak economy
November 19th, 2009 by Financial Writer
Senior U.S. Federal Reserve officials said on Thursday inflation is not an immediate threat as a weak economic recovery and a grim outlook for jobs keep price pressures in check.
Charles Plosser, head of the Federal Reserve Bank of Philadelphia and Richard Fisher, his counterpart at the Dallas Fed, said the U.S. recovery was underway but [...]
Tags: economic recovery, fed, Federal Reserve, inflation, us recovery, weak economy