With its economy growing rapidly even as much of the developed world struggles, tensions are mounting. China has recently crossed Japan and India, in addition to ongoing conflicts with the U.S. Fairly or not, China is being sin…
Gold continued its record-breaking climb, reaching a new high of $1,300 an ounce.
Futures for December hit $1,301.30, before slipping to $1,299.40 an ounce on Globex.
“Diversification and physical demand will continue to provide upside momentum,” said James Moore, an analyst at TheBullionDesk.com, in a research note.
Gold surged earlier in the week after Federal Reserve Chairman…
Continue reading Gold Prices Reach New High Above $1,300 an Ounce
Gold Prices Reach New High Above $1,300 an Ounce originally appeared on DailyFinance on Fri, 24 Sep 2010 07:13:00.
Filed Under: Investing, Currency, Market News
The Senate will not vote on extending any of the Bush-era tax cuts until after the November election.
“Democrats believe we must permanently extend tax cuts for the middle-class before they expire at the end of the year, and we will,” Jim Manley, a spokesman for Senate Majority Leader Harry Reid said in an e-mail, Reuters reported.
“Unfortunately, to this point we have received no…
Continue reading Senate Will Not Vote on Extending Bush Tax Cuts Before Election
Senate Will Not Vote on Extending Bush Tax Cuts Before Election originally appeared on DailyFinance on Fri, 24 Sep 2010 06:28:00.
The yen tumbled as much as 3% in today’s trading as the Bank of Japan intervened in the currency markets by buying dollars and selling yen in an attempt to halt the surge in the value of the yen. Relieved investors plowed money…
Japan finally intervened in foreign exchange markets for the first time since 2004 to stop the relentlessly rising yen, pushing it sharply lower. As a result, Japanese stocks surged over 2%, led by exporters.
Following Tuesday’s win of Prime Minister …