by GoldCore Gold Bullion
Today’s AM fix was USD 1,653.75, EUR 1,261.06 and GBP 1,028.07 per ounce.
Yesterday’s AM fix was USD 1,653.75, EUR 1,267.82 and GBP 1,029.60 per ounce.
Silver is trading at $30.38/oz, €23.25/oz and £18.95/oz. Platinum is trading at $1,569.50/oz, palladium at $672.00/oz and rhodium at $1,150/oz.
Cross Currency Table – (Bloomberg)
Gold fell $9.90 or 0.6% in New York yesterday and closed at $1,646.40/oz. Silver slipped to a low of $29.84 and [...]
Rasmussen poll puts Romney at 50% with Obama on 46%
Obama denounces Romney’s policies as ‘wrong and reckless and all over the map’ as pair clash over foreign affairs in third presidential debate
Compares Romney’s criticism of ship numbers being cut to desire for ‘horses and bayonets’ and accused him of playing ‘Battleship’
But Romney stands firm as he attacks Obama’s Middle East ‘apology tour’
Accuses President of letting Iran get ‘four years closer [...]
Paul B. Farrell
September 20th, 2012
“2013 is gonna be a bummer,” warns Bloomberg BusinessWeek. “Whether it’s Barack Obama or Mitt Romney … someone will have the misfortune of overseeing an economy” with “low growth, persistently high unemployment and huge amounts of debt.”
Worse, the magazine’s poll of 79 economists warns GDP growth will fall further, to 2.1%, with a real “chance the U.S. will be in recession.”
Barack Obama, Mitt [...]
Majority of Wall Street dealers still expect Fed QE3 … Despite improved hiring last month, most Wall Street economists still expect the Federal Reserve to do more to stimulate growth this year, with the majority looking for action as soon as September. The median of forecasts from a Reuters poll of 17 primary dealers – the large financial institutions that do business directly with the Fed – showed a 63 percent chance thecentral bank will [...]
From Gold Core
Market Optimistic On Central Bank Intervention
Today’s AM fix was USD 1,613.00, EUR 1,300.39, and GBP 1,032.39 per ounce.
Yesterday’s AM fix was USD 1,606.75, EUR 1,299.43 and GBP 1,032.28 per ounce.
Silver is trading at $28.08/oz, €22.71/oz and £18.01/oz. Platinum is trading at $1,415.70/oz, palladium at $582.50/oz and rhodium at $1,100/oz.
Ireland observed a national holiday on Monday.
Gold climbed $8.40 or 0.52% in New York yesterday and closed at $1,611.20/oz. Silver hit [...]
Greece is heading for a clash with international lenders as the radical leftwing party that came second in the weekend’s election called for the ripping up of a “barbarous” austerity programme underpinning its bailout and questions mounted about the country’s future inside the euro.
Alexis Tsipras, the 38-year-old leader of the Syriza party that surged in popularity in Sunday’s poll, outlined a five-point plan to be put to conservative and [...]
Leading German politicians warnedGreece on Tuesday that the country would not receive a cent more aid unless it fulfills all the conditions of its international bailout.
An election on Sunday in Greece failed to deliver a parliamentary majority for the two big pro-bailout parties, plunging the country into political limbo and increasing the risk that another vote may be required to resolve the impasse.
On Tuesday, the leader of the Left Coalition party, [...]
“Eurozone crisis: Greek left leader renounces bailout deal”
By Helena Smith in Athens, The Guardian
“Frontrunner to form a new government shocks financial markets with remarks over EU and IMF loan agreement.”
The fate of Greece is, on Tuesday night, in the hands of the leader of a far-left party who launched the quest to form a government by declaring the country could no longer commit itself to the terms of an international [...]
Greece plunged into turmoil today after an election which rejected a painful international bailout and left big questions over whether the country could avert bankruptcy and stay in the euro.
Amid uncertainty over whether a new government was possible, President Karolos Papoulias gave a three-day mandate to Antonis Samaras, leader of the conservative New Democracy party which won the biggest share of the vote in yesterday’s poll.
Both New Democracy and Socialist [...]
U.S. stock futures fell, following the Standard & Poor’s 500 Index’s biggest weekly slump in 2012, as France elected Francois Hollande as president and Greek voters flocked to anti-bailout parties, spurring concern Europe’s debt crisis may escalate.
S&P 500 futures expiring in June dropped 0.3 percent to 1,357.8 at 7:31 a.m. in New York, paring an earlier slide of as much as 1.5 percent. The index retreated 2.4 percent last [...]