Gold May Decline a Fourth Day in New York on China Economy Data



March 14th, 2010 | File Under : Gold - Investment - Trade & Market

Gold prices, little changed in New York today, may decline for a fourth day after China’s inflation and industrial output accelerated, adding pressure on the government to pare stimulus measures.

China’s inflation reached a 16-month high and production increased the most in more than five years. Bullion climbed 24 percent last year as central banks maintained low interest rates and spent trillions to stimulate economies. Gold prices dropped the most in a month yesterday on speculation demand for the metal will slow as the Greek financial crisis eases.

U.S. Economy Will Perform Below Potential



February 23rd, 2010 | File Under : Mining Stock

barack obama us economy performFederal Reserve Bank of San Francisco President Janet Yellen said the U.S. economy will operate below potential this year and next and still needs low interest rates to gain strength.

“When the...