New Year’s resolutions for US economy - December 31, 2008 10:44

As the calendar ticks toward the end of another year, many economists and financial analysts are already debating what is to come for the US economy in 2009. Some predict more despair and a deepening recession. Other more optimistic prophesiers have suggested housing, credit and other sour sectors could rebound in the latter part of [...]

Home sales disappoint in November - December 24, 2008 23:02

Home sales disappointed in November, according to fresh reports on new and existing sales Tuesday (December 23). The disappointing news on the home front caused some analysts to speculate that the fourth quarter gross domestic product could be far worse than the .5 per cent drop reported by the government Tuesday.

Gold Holds Tight - December 23, 2008 13:02

THE SPOT PRICE of gold held in a tight $5 range early in London on Tuesday, recording an AM Fix of $844 an ounce as European stock markets bounced from yesterday’s sharp losses and crude oil ticked back below $39 per barrel.

Global Deflation Panic Sparks Return of ZIRP - December 19, 2008 14:47

THE SPOT PRICE of gold tumbled in Asia and London on Friday morning, sliding $42 from yesterday’s top – and cutting this week’s gains by four-fifths to 1.5% – as stock markets also sank despite fresh rate cuts from the world’s No.3 central bank.

Dollar falters against euro, yen - December 19, 2008 11:22

The dollar is back on the defensive against the euro after pushing the European Economic Union currency back nearly 40 pips from its record high from mid-2008. After touching $1.61, the euro, along with the British Pound, have dropped massively against the buck over the last few months.

Fed surprises with .75 point interest rate cut - December 17, 2008 10:12

The Fed shocked Wall Street Tuesday (December 16) afternoon when it announced a .75 point cut in the Fed funds rate bringing the rate the government charges lenders to a record low of .25 per cent. The discount rate was cut to .5 per cent. This means that it should be cheaper than ever for [...]

Gold Holds Near Two-Month High - December 15, 2008 19:55

THE SPOT PRICE OF GOLD BULLION came within $1 of a new two-month high early Monday in London, holding onto last week’s 9% jump and recording its best Morning Gold Fix since Oct. 16th for US investors.