Gold

Gold prices on the rise

The benchmark contract for Gold rebounded +2% to 1105 as the “Greenback” weakened. Precious metals with heavier industrial exposures rallied even more.
The USD tanked against major currencies yesterday and the Dollar index fell for the first time in 5 days to 79.24.
Silver soared +2.9% to 16.66 as strength in the manufacturing sector will likely probably [...]

Gold edges up encouraging consumer confidence

Gold futures on the New York Merc ended a bit higher Tuesday as stock markets continued to rise on Bullish consumer confidence, Silver and Platinum slid South.
The most active Gold contract for February delivery gained US$2.60, or 0.2%, to finish at US$1,098.30 oz.
The US dollar climbed sharply overnight after a some of negative economic events [...]

Euro Moves Lower Versus Rivals After GDP Report

(RTTNews) - The euro dropped versus other majors Friday in New York as gross domestic product data revealed the Eurozone saw its biggest economic contraction since 1995. Annual inflation stood at historic low, as price pressures stay tilted to the downside amid slowing economic activity.
The euro moved lower amid choppy trading versus the dollar and hit [...]

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Bank of America earnings preview

Bank of America Corp. (NYSE:BAC) is releasing first-quarter earnings Monday morning. Now that J.P. Morgan (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) have issued earnings and beat analyst’s expectations, Bank of America has a lot to prove, especially since CEO and Chairman Ken Lewis’ position has come under fire in recent weeks [...]

ECB Trichet: Euro zone economy to rebound in 2010

WARSAW, April 18 (Reuters) – The euro zone economy should start recovering in 2010 after a difficult 2009, European Central Bank President Jean-Claude Trichet said on Saturday in an interview aired on Polish TVN 24 channel and TVN24.pl portal.
Trichet also said it may be unwise for Poland to accelerate its euro adoption path and added [...]