Gold remains in narrow trading range

August 26, 2009 | Comments Off

The price of an ounce of gold has remained fairly steady, in the $900 range, since May. The current spot gold rate in early New York trade is $947.80 per ounce, a gain of $2.90 so far on the day. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Oil reaches 2009 high helping stocks push higher

August 21, 2009 | Comments Off

Existing home sales data and a speech in Kansas City by Federal Reserve Chairman Ben Bernanke are among the hot items people are paying close attention to Friday (August 21). Based on speculators driving oil to a new 2009 high above $74, it appears investors are operating with the assumption that the news should be positive for the economy. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Mortgage rates likely to continue to increase

August 13, 2009 | Comments Off

New data Wednesday (August 12) showed that mortgage applications fell last week as mortgage interest rates are currently at the highest level they have been since June. The current national average for a 30-year fixed interest rate mortgage is 5.5 per cent according to Bankrate.com, which compiles rates from a broad range of lenders. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Pound makes break for $1.70

August 5, 2009 | Comments Off

After pressuring the $1.65 level for weeks, the British Pound has finally managed to push through that level and has quickly made a move toward $1.70. July 30th, one Pound was worth just below $1.64. July 31st, it pushed against $1.65, before making a sharp break above $1.67. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles