METALS OUTLOOK: Nervousness Regarding Global Economy To Support Gold Next Week
(Kitco News) - Gold prices will continue to find strength next week as the debt-ceiling talks in the U.S. drag on and investors fret about the chances for default for some European economies.If an agreement is reached on lifting the U.S. debt ceiling - Click for more...
Gold Hits All-Time Highs After Bernanke Comments On Stimulus
(Kitco News) - The Federal Reserve has indicated for the second day in a row that further stimulus measures are possible to help jump-start the U.S. economy, propelling gold to an all-time high.The Fed has not actually announced any new measures and - Click for more...
2011-07-13 Bernanke: Fed Would Supply MORE Stimulus if Needed
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the economic lull persists.Delivering his twice-a-year economic report to Congress, Bernanke laid out thr - Click for more...
Gold Seen Outperforming Silver In Coming Weeks As European Debt Crisis Continues
(Kitco News) -- Gold’s recent outperformance against silver may continue for another several weeks to months as Europe’s debt problems continue to fester, analysts say.They attribute this in part to a greater tendency toward gold as a saf - Click for more...
Wall Street records worst day in a month, VIX jumps
NEW YORK (Reuters) - Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.The S&P 500 dropped - Click for more...
No stopgap: Obama demands big deal for debt limit
WASHINGTON (AP) — President Barack Obama declared Monday he would reject any stopgap extension of the nation's borrowing limit, adding fresh urgency for Republicans and fellow Democrats to resolve intense tax and spending disputes and head off - Click for more...
Lousy jobs number complicates debt deal for both Obama and GOP
June's woefully underwhelming increase in jobs is a climactic twist in the negotiations between President Obama and congressional Republicans over federal borrowing, government debt and America's economic future.Best-case scenario, it's a Michael Bay - Click for more...