Monthly Archives: January 2009

  Developed economies such as Japan, the US and UK are in recession World economic growth is set to fall to just 0.5% this year, its lowest rate since World War II, warns the International Monetary Fund (IMF). In October, … Continue reading →

By Pham-Duy Nguyen Jan. 26 (Bloomberg) — Gold rose to the highest closing price in almost five months in New York on speculation that government spending will spur inflation, boosting demand for the precious metal as hedge. Silver also gained. … Continue reading →

Gold Futures Climb on Demand for Haven After Equities Slide By Halia Pavliva Jan. 23 (Bloomberg) — Gold prices rose to a two-week high on demand for a haven as global equities tumbled amid the recession and a slump in … Continue reading →

By Moming Zhou Last update: 1:48 p.m. EST Jan. 20, 2009   NEW YORK (MarketWatch) — Gold futures rose Tuesday for a second session, ending above $850 an ounce for the first time in more than a week as worries … Continue reading →

  By Henry Meyer and Ayesha Daya Jan. 20 (Bloomberg) — U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” said New York University Professor Nouriel Roubini, who predicted last year’s … Continue reading →

  By Elizabeth Stanton and Jeff Kearns Jan. 15 (Bloomberg) — The Standard & Poor’s 500 Index wiped out more than half its gain since rallying from 11-year low in November, a sign the benchmark for U.S. equities may drop … Continue reading →

By Nicholas Larkin Jan. 12 (Bloomberg) — Gold trading climbed 20 percent last year as the global economic slowdown increased the metal’s appeal as an investment haven, said International Financial Services London. Silver trading also rose. Last year, 23.2 billion … Continue reading →

  By Nick Gardner January 10, 2009 12:01am THE global financial crisis has sparked a new gold rush. Worried investors seeking a safe home for their money are ploughing billions of dollars into the precious metal in a bid to … Continue reading →

By Shobhana Chandra Jan. 9 (Bloomberg) — The U.S. lost more jobs in 2008 than in any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy just days before President-elect Barack Obama … Continue reading →