Written by Consumer prices fell for the second consecutive month in May, extending a break for Americans’ pocketbooks. Less expensive energy was the main factor pulling down prices. READ MORE »
Posts tagged European economy
Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. READ MORE »
Seven more US banks collapse on day of Europe’s stress tests
Georgia’s Crescent Bank and Trust largest of seven to fail
Number of US failures now expected to exceed last year’s total READ MORE »
Asian Commodity Stocks Rise on Growth Hopes; Japanese Shares Fall on Yen
Asian commodity stocks rose as a forecast for faster European economic growth boosted confidence in a global recovery. Japanese shares fell as a stronger yen dented prospects for export earnings. READ MORE »
PRECIOUS METALS: Gold Hits Record Above $1,280 Ahead Of FOMC
Gold futures Monday settled at their third consecutive record high on speculation about further stimulative U.S. government action ahead of Tuesday’s meeting of the Federal Reserve’s rate-setting committee. READ MORE »