Monthly Archives: September 2009

By Halia Pavliva and Nicholas Larkin Sept. 15 (Bloomberg) — Gold rose, closing above $1,000 an ounce for the third straight session, as commodities climbed on demand for a hedge against inflation. Silver also gained. Federal Reserve Chairman Ben S. … Continue reading →

Tue Sep 15, 2009 11:39am EDT DENVER, Sept 15 (Reuters) – The price of gold could rise above $1,110 an ounce in 2010 as central banks diversify their reserves into gold due to a faltering dollar, economist Martin Murenbeeld told … Continue reading →

CORUS IS THE SECOND LARGEST BANK TO FAIL THIS YEARSeptember 14, 2009 Federal regulators seized Chicago-based Corus Bank, marking the first major bank to be undone by deteriorating construction and commercial real-estate loans during the current downturn. The branches and … Continue reading →

Corporate officers and directors were buying stock when the market hit bottom. What does it say that they’re selling now? By Colin Barr, senior writer Last Updated: September 12, 2009: 7:25 PM ET NEW YORK (Fortune) — Can hundreds of … Continue reading →

Fri Sep 11, 2009 10:36am EDT NEW YORK, Sept 11 (Reuters) – U.S. gold futures broke above$1,010 an ounce on Friday, reaching their highest level sinceFebruary, as a steadily weakening dollar increased the statusof bullion as an alternative investment. GOLD … Continue reading →

There seems little doubt that China’s economic strength can lead to it dominating gold price movement for the foreseeable future. Author: Lawrence Williams Posted:  Friday , 11 Sep 2009 LONDON -  There is little doubt that China nowadays has the financial muscle … Continue reading →

By Millie Munshi and Veronica Navarro Espinosa Sept. 9 (Bloomberg) — Gold prices that jumped above $1,000 an ounce this week are signaling that investors are buying metals to hedge against declines in currencies, former Federal Reserve Chairman Alan Greenspan … Continue reading →

By Bob Ivry, Christine Harper and Mark Pittman Sept. 8 (Bloomberg) — The warning was ominous: “Massive global wealth destruction.” That’s what Lehman Brothers Holdings Inc. executives predicted before they filed the biggest bankruptcy in U.S. history. “Impacts all financial … Continue reading →

Sept. 7 (Bloomberg) — The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. UN countries should agree on the creation … Continue reading →

By: Reuters 8th September 2009 Updated 2 hours 29 minutes ago     LONDON – Gold rode a wave of technical momentum to top the psychologically significant $1 000/oz mark on Tuesday, with support from a weaker dollar also helping … Continue reading →