by agm | Aug 30, 2011 | news
The global economic crisis is leading to a possible “developed economy” recession in the U.S. and Europe, which may be hard to alleviate, according to Pacific Investment Management Co.’s Bill Gross. In this environment, the world’s biggest manager of bond funds favors...
by agm | Aug 29, 2011 | news
Investors are paying less for equities than they have during every recession since Ronald Reagan was president amid growing concern that the economy is on the edge of another recession. The Standard & Poor’s 500 Index has lost 13 percent in the past five weeks,...
by agm | Aug 26, 2011 | news
Gold rose in New York for a second straight day after Federal Reserve Chairman Ben S. Bernanke offered no plan to provide further stimulus for the economy. While Bernanke said the central bank has the tools to spur growth, he refrained from outlining a plan for a...
by agm | Aug 26, 2011 | news
Gold prices bounced back late Thursday after plummeting as much as 11% in two days as investors fled stocks and into the safe haven. Gold for December delivery added $5.90 to close at $1,763.20 an ounce at the Comex division of the New York Mercantile Exchange. The...
by agm | Aug 24, 2011 | news
Gold plunged in New York, heading for the biggest drop in 18 months, on speculation that financial markets may be stabilizing, eroding the appeal of the precious metal as a haven. Bullion has tumbled more than 5 percent in two days, erasing gains in the past two weeks...
