Gold futures surpassed a record price of $1,380 an ounce Thursday on investor fears that the Federal Government’s new $600 billion stimulus package may spur inflation and devalue the U.S. dollar.
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Intended or not, the Fed’s quantitative easing policies are destroying the dollar’s value. That’s pushing prices of commodities that Americans need — such as food, cotton and oil — ever higher. And it hurts companies as well …
A day after announcing a second round of quantitative easing, Fed Chairman Ben Bernanke responded to critics in a Washington Post op-ed that explains how the program will work and why it won’t spark inflation.
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U.S. Federal Reserve today launched the second phase of its quantitative easing program, the so-called QE2, saying it will buy up to $600 billion more in long-term U.S. Treasury bonds to help stimulate a U.S. economy that’s gro…
Gold prices jumped in early Tuesday trading in advance of a Federal Reserve meeting and U.S. elections before leveling off and finishing the day slightly higher than Monday’s levels.
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