by agm | Nov 15, 2011 | news
Gold prices will be influenced by the ability of U.S. lawmakers to reduce the federal budget deficit, according to Colin P. Fenton, the global head of commodities research and strategy at JPMorgan Chase & Co. (JPM) “The market is discounting a cut of $2 trillion,...
by agm | Nov 13, 2011 | news
Europe is approaching the end game—credit markets and other governments know what its leaders won’t admit—the euro is failing. And then gold, more than the dollar, is set to rocket in value as the crisis unfolds. In addition to looser monetary policy—generous European...
by agm | Nov 11, 2011 | news
Gold traders and analysts are the most bullish in at least seven years as investors accumulate metal at the fastest pace since August to protect their wealth from a widening European debt crisis. Twenty-one of 22 surveyed by Bloomberg expect bullion to rise on the...
by agm | Nov 10, 2011 | news
NEW YORK (Reuters) – Stocks tumbled 3 percent on Wednesday in the market’s worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened. All 10 S&P sectors were down, but S&P financials were the...
by agm | Nov 7, 2011 | news
Stocks slid, extending last week’s drop, and gold rose to the highest price since September as a surge in Italy’s 10-year bond yields to a euro-era record showed Europe’s debt crisis is intensifying. The Standard & Poor’s 500 Index slipped 0.6 percent to 1,245.36...
