by agm | Mar 28, 2012 | news
Gold prices fell towards $1,670 an ounce on Wednesday, extending the previous day’s retreat from a two-week peak, after data showing a smaller-than-expected rise in new U.S. manufactured goods orders lifted the dollar to session highs versus the euro. Momentum...
by agm | Mar 27, 2012 | news
On Monday, Federal Reserve Chairman Ben Bernanke delivered a speech at the National Association for Business Economics spring conference in Virginia that ignited financial markets. Bernanke noted some positive signs in the job market but remained cautious about the...
by agm | Mar 26, 2012 | news
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve will probably signal it plans to arrange a third round of debt purchases when policy makers meet in April. While Fed officials upgraded the outlook for...
by agm | Mar 18, 2012 | news
The fall in gold prices has prompted one or more central banks to buy as much as four tonnes of bullion in recent weeks, according to an industry source and a Financial Times report on Friday. The purchases, worth about $250 million at current prices, were made...
by agm | Mar 14, 2012 | news
Gold rose to $1,700 last week and is holding that level in a very tight trading range. The last few weeks have seen a larger consolidation pattern forming, pointing to a much bigger consolidating pattern that implies far more than just a short-term trading move just...
by agm | Mar 13, 2012 | news
The Fed’s policy statement, released after a closed-door meeting, said the economic conditions have been expanding moderately. Although the unemployment rate has declined notably, it remains elevated. While the central bank is no longer worried about business fixed...
