Auto and gasoline sales help boost November retail growth - December 11, 2009 17:33

Despite initial reports from many retailers that the start to the holiday season has been relatively sluggish, the Commerce Department reported Friday (December 11) morning that retail sales climbed by 1.3 per cent in November. This follows a 1.1 per cent boost in retail performance during October.

Oil down near $70 - December 9, 2009 17:43

After failing to cruise past the $80 level in recent weeks, crude oil has drifted lower toward the $70 mark. A report Wednesday (December 9) that indicated an unexpected drop in US crude supplies helped push the price of a barrel of crude oil back above $73 a barrel in early morning trade Wednesday. Still, […]

$2,000 gold is coming - December 4, 2009 15:57

The price of an ounce of gold continues to remain above $1,200 after reaching a new all-time high at $1,218.25 to start the final month of 2009. In early Friday (December 4) morning trade, the spot rate for gold is $1,205.40.

Japanese yen reaches 14 year high against dollar - December 3, 2009 14:55

The US dollar continues to find major low points to reach against major foreign currencies and other speculative investments. Gold is now over $1,200 with some top analysts calling for a quick move through the $2,000 level in the near future. Oil remains near $80.

Gold “Going to Run ’til Exhausted” - December 3, 2009 14:53

THE PRICE OF WHOLESALE gold hit yet another record high against all major currencies bar the Aussie Dollar and Japanese Yen on Thursday, peaking above US$1226 an ounce at lunchtime in Hong Kong.

GDP and consumer spending offer hope - November 25, 2009 15:43

In two days, sentiments on the economy have improved dramatically thanks to a pair of economic reports. Tuesday (November 24), the gross domestic product was said to have risen by 2.8 per cent from the second to the third quarter.

Dollar-yen on the brink - November 21, 2009 0:35

As the dollar remains weak across the board thanks to renewed concerns about the strength of economy recover, the dollar-yen ratio currently sits just above major long-term support in the 87-88 yen range.

Gold tries to hang on to $1,100 - November 13, 2009 19:23

While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com.

Euro clears $1.50 - November 11, 2009 15:44

Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The same dollar weakness has pushed the Pound back near $1.67, kept oil near or above the $80 per barrel level, and has sent the spot rate of gold soaring past $1,100 […]