Gold Slips from $1,000 - February 23, 2009 15:54

THE SPOT PRICE of physical gold slipped to $980 an ounce early Monday, dropping 2.5% from Friday’s peak above $1,000 as world stock markets crept higher for the first time in 10 sessions.

Oil back over $40 as Dow reaches 6-year low - February 20, 2009 15:03

Light sweet crude oil climbed $2.77 on Thursday (February 19) to settle at $40.18 in New York trade. A new government report showed that US oil inventory levels fell surprisingly, while use of gasoline and other petroleum products may be on the rise for the first time during the course of the recession.

Dollar stronger against major currencies - February 18, 2009 9:33

The dollar has been steadily climbing against most other major currencies in the last few weeks. The greenback is certainly not making miraculous gains but it has held firm and pushed back against rough economic odds. The $789 economic stimulus plan finally went through Tuesday (February 17), but investors did not appear impressed as the […]

Oil falls below $34 - February 13, 2009 11:37

Crude oil settled below $34 per barrel for the first time in two months on Thursday (February 12). Crude fell to $33.98 after falling by $1.96 during New York trade. The price of a barrel of light sweet crude has dropped by 20 per cent just since Monday. Uncertainty over the ability of the $789 […]

Financial markets unimpressed - February 11, 2009 21:46

Investors and consumers have anxiously awaited development in the economic stimulus plan. After the house passed an $800-plus plan last week, the Senate has debated various aspects of the bill for several days. President Obama has traveled around trying to sell the urgency of passing a bill and putting politics aside.

Retail struggles continue through January - February 6, 2009 10:02

President Obama said Thursday (February 5) that the new economic stimulus bill would include some additional infusion of funds into the credit market. It is the retail sector that was the focus of bad economic news Thursday. Most major retailers struggled through the first month of the New Year as Americans are in a save […]

Gold pushes over $900 again - February 5, 2009 12:45

Gold currently (February 4) sits at just over $903 per ounce. The valuable resource it’s steadily rising higher and looks primed for another move over $1,000 sometime in the near future. Gold went over this mark briefly in the middle of 2008 before falling back a couple hundred dollars in the last several months.

Home sales surprise, car sales crash - February 4, 2009 10:21

Investors were impressed with the report on pending home sales for December from the National Association of Realtors (NAR). Stock prices rose about one per cent after the inspiring news. Investors and Americans have watched housing closely for a bottom, thinking this sector offers a potential clue of broader economic prospects.

Home prices drop by record rate - January 28, 2009 17:20

More bad news came for the real estate market on Tuesday (January 27) as President Obama visited with leaders in the GOP to discuss details of his new economic stimulus plan. According to the national Case-Shiller home index that monitors home price movement in 20 of the largest US metropolitan markets, the annual price drop […]