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By Justin Pugsley |
May 17, 2013
Central banks saved the world with unconventional monetary policies such as quantitative easing, which at the very least stopped the banking system from collapsing, but according to the IMF it's a policy that might be approaching its sell-by date.
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By Maria Kolesnikova, Bloomberg |
May 16, 2013
Gold, down 17% since January, is poised to lose 20% in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said.
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By Mark O'Byrne |
May 14, 2013
The European Union will today meet to discuss and move forward the proposal to ‘bail-in’ depositors with savings of more than €100,000 as part of future bank wind-downs.
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By Joe Richter and Debarati Roy, Bloomberg |
May 14, 2013
Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply.
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By Ben Traynor |
May 10, 2013
Spot market gold bullion prices fell to two-week lows Friday, drifting lower toward $1,440 an ounce during this morning's London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.
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By Adrian Ash |
May 9, 2013
Spot gold prices slipped back below $1,470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.
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By Adrian Ash |
May 6, 2013
Athens' strikers burnt a giant picture of Angela Merkel dressed as Hitler. Students in Washington threw bags of urine at each other. But in the Eccles Building? "Fiscal policy is restraining economic growth," said the Federal Reserve.
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By Debarati Roy, Bloomberg |
May 6, 2013
Hedge funds increased positions on a gold rally by the most in three weeks as central banks signaled no end to economic stimulus, driving prices higher just as analysts and traders turned the most bearish in three years.
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By Alasdair Macleod |
April 29, 2013
There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP that must not be crossed, set by Professors Reinhart & Rogoff, is based on an Excel spreadsheet...
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By Adrian Ash |
April 25, 2013
Wholesale gold rose to an eight-session high just shy of $1450 per ounce in London trade Thursday morning, recovering 45% of this month's near-record slump.