The story that dominates the headlines these days is the debt ceiling. As negotiations in Congress go on, fear that a compromise may not be reached grows, despite the fact that most analysts are confident that an agreement will be reached by the August 2nd deadline. The common belief is that none of our politicians… Read more.
The debt ceiling debacle reaching the weekend before the deadline helped push gold futures to record high prices on Friday, the Wall Street Journal reports. The precious metal logged all-time highs of $1,637.50 per troy ounce on Friday amid global concern for the world's biggest economy that has had an intact rating since the close… Read more.
Gold futures are set to notch monthly highs as prompted by the political impasse in Washington over how to increase the debt ceiling, Bloomberg reports. For the first month in the past three, the precious metal is slated to increase. On Wednesday, gold futures set record highs of $1,628.05 per troy ounce. Moody's Investors Service… Read more.
Gold futures edged up in value Thursday morning after two record-setting sessions earlier this week were propelled by an impasse in Washington over the debt ceiling debate, Reuters reports. Political leaders conducted discussions behind closed doors in search of a compromise that would prevent a damaging default credit rating for the U.S. as Tuesday's deadline… Read more.
The harvest of coffee in the globe's top producer of the energy commodity is driving toward a record crop, Bloomberg reports. Weather forecaster Somar Meteorologia said productive climate conditions are likely for Brazil. The current season will see a slip in production to 43.5 million bags of coffee, which is a reduction from 48.1 million… Read more.
Gold futures hurtled to record highs Wednesday morning, advancing as the U.S. dollar continued driving down while concerns spread about a potential credit default, Reuters reports. The precious metal touched record highs of $1,625.24 per troy ounce while the U.S. dollar sank even lower against the Swiss franc. As the world's reserve currency, the U.S.… Read more.
Cotton futures rose in value Tuesday, emerging from their lowest value in 10 months as a result of speculation that dry weather might harm production in the globe's top producer of the soft fiber, Bloomberg reports. Less than 30 percent of the cotton crop in the U.S. is considered to be in condition good or… Read more.
Gold futures are poised to drop in value amid the belief that Monday's climb to record prices might have been overdone, Bloomberg reports. Further compounding the belief that a decrease is imminent is the prospect of U.S. political leaders compromising to reach an agreement as to how they may raise the nation's debt ceiling. President… Read more.
For the second time on Monday, gold futures pushed to record highs as the precious metal is driving ever higher as a result of the debt ceiling political crisis in Washington, Bloomberg reports. In the morning and then in the afternoon, the yellowish metal gained value to notch prices not seen before as the debt… Read more.
Gold futures set record highs Monday morning amid U.S. lawmakers' inability to agree on how to increase the debt ceiling, Bloomberg reports. The top price for the yellowish metal now stands at $1,624.07 per troy ounce as the precious metal's allure as a wealth protector continues shining brightly. "Debt problems have again been driving the… Read more.