Gold futures are heading toward record highs on Thursday, pushed by speculation about the central bank of the U.S. considering additional measures to spur an economic recovery that is slowing down, Bloomberg reports. Following the turmoil prompted by the debt ceiling increase debacle in Washington, Swiss and Japanese government officials took measures to reduce the… Read more.
Gold futures set record highs for the second straight day on Thursday as the $1,600 per troy ounce benchmark was well within striking distance, Bloomberg reports. Concerns about debt in the U.S., which received a warning from Moody's Investors Service, and in Greece, which was downgraded and warned by Fitch Ratings, drove the yellowish metal… Read more.
Gold futures fluctuated on Thursday morning amidst concerns that gains during the previous seven trading sessions in the U.S. were overdone, MarketWatch reports. Investors closely monitored the spoken words of Ben Bernanke, chairman of the U.S. Federal Reserve, who verified the $600 billion asset-purchasing program will finish at the end of the month. The second… Read more.
New York City streets are not paved with gold but shards of the precious metal and jewels are in abundant supply. Just ask Raffi Stepanian of Queens. "I may be about to trigger a new gold rush on the streets of New York," he told The Daily Telegraph. "The soil in the sidewalks of 47th… Read more.
Silver futures were edging downward in value on Wednesday morning and analysts correlated the performance with a dollar that gained strength late on Tuesday, Kitco News reports. Also influencing the value of the volatile metal is Greece's navigation through the sovereign debt crisis plaguing the euro zone. The Greek prime minister survived a no-confidence vote… Read more.
The U.S. Fed chief said the nation's economic recovery is "frustratingly slow," which helped drive down silver futures on Wednesday morning, MarketWatch reports. But Ben Bernanke, while addressing the International Monetary Conference in Atlanta, said the second half of the year will see stronger gains and more momentum build, Bloomberg reports. Bernanke also suggested there… Read more.
A sputtering U.S. economy, a hobbling dollar and concerns about the euro zone debt crisis are likely to drive gold futures higher for a third straight day on Tuesday, Bloomberg reports. European finance ministers are scheduled to meet June 20, by when the European Union will have to decide on a bailout plan for Greece.… Read more.
The first week of next month could see Brent crude oil futures rise as the U.S. dollar continues slipping in value, Bloomberg reports. As a result of U.S. Federal Reserve chair Ben Bernanke noting the central bank will preserve the record-low interest rates to hasten the pace of the economic recovery, 60 percent of analysts… Read more.
Cattle futures rose on Wednesday for the first time in five sessions in advance of the U.S Federal Reserve's remarks about interest rates, Reuters reports. Efforts to support the U.S. economy by following through with the $600 billion bond-buying program will be fulfilled through this June as planned, the Fed said earlier in the day.… Read more.
Various stock future indexes increased on the first trading day of the new year, signaling to some that brighter days are ahead as the nation continues emerging from an economic recession, according to Bloomberg. The Dow Jones Industrial Average climbed 14 points while the Standard & Poor 500 increased 0.50 points and the NASDAQ 100… Read more.