Today’s AM fix was USD 1,469.50, EUR 1,113.60 and GBP 942.95 per ounce.
Yesterday’s AM fix was USD 1,472.75, EUR 1,126.13 and GBP 950.04 per ounce.
Gold climbed $5.60 or 0.38% yesterday to $1,476.00/oz and silver finished down 0.27%.
Cross Currency Table – (Bloomberg)
In a remarkably candid interview, the President and Executive Chairman of CME Group Inc, Terrence Duffy, told Bloomberg TV that today gold buyers “don’t want certificates … They want [...]
HIV-AIDS is affecting black gay men in the United States on a scale unseen among any other group in the developed world, said a report issued Wednesday ahead of the International AIDS Conference.
So grave is the crisis that in some US cities, one in two black men who have sex with other men are HIV positive, according to the report from the Black AIDS Institute, the only national HIV-AIDS think [...]
By Stacy Curtin | Daily Ticker
Nearly four years after U.S. taxpayers bailed out Wall Street, the debate over how to deal with America’s too big to fail banks rages on.
One very outspoken critic of TBTF banks has been Dallas Fed President Richard Fisher.
“The TBTF institutions that amplified and prolonged the recent financial crisis remain a hindrance to full economic recovery and to the very ideal of American capitalism,” Fisher wrote in the Dallas [...]
Eclectica Asset Management CIO and co-founder Hugh Hendry told a panel at the Milken Institute’s 2012 Global Conference yesterday that his biggest fear in Europe was confiscation of his and his client’s assets.
The poor health of the banking sector amid tepid growth and concerns about the future of the monetary union, he said, could ultimately result in the nationalization of the financial sector. That’s driving his unwillingness to be invested in Europe right now.
From BNN’s Howard Green, who is at the Milken Institute’s global conference.
Sam Zell @MilkenInstitute#2012GC ”there is no ‘effing’ demand” in Europe. #FBomb
30 Apr 12
Of course, this is exactly why spending cuts, which only sap demand, is only making the problem worse.
This is, of course, why investors are so curious about whether Europe will finally segue away from austerity, and pursue a course of growth.
The World Bank was on Friday to propose a coalition of governments, global organisations and other groups to protect the oceans, aiming to raise $1.5 billion in the next five years for the purpose.
World Bank president Robert Zoellick was to tell a global conference in Singapore that the new partnership would bring together various groups to confront problems of over-fishing, marine degradation and loss of habitat.
“The world’s oceans are in danger, and the [...]