Posted on March 16th, 2008 by moneyvsdebt
Treasuries rose, driving yields on two-year notes down to 1.30 percent, as investors sought the relative safety of government debt after JPMorgan Chase & Co. agreed to bail out Bear Stearns Cos.
Traders began betting the Federal Reserve will cut its target for overnight loans by 1 percentage point tomorrow to keep losses [...]
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Posted on March 16th, 2008 by moneyvsdebt
Gold climbed to a record on increased demand for the metal as a haven after a Federal Reserve emergency rate cut sent the dollar falling.
The Fed lowered the discount rate to 3.25 percent from 3.5 percent, and extended the maximum term of discount-window loans to 90 days from 30 days. JPMorgan [...]
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Posted on March 15th, 2008 by moneyvsdebt
US gold futures surged past the historical level of 1,000 US dollars an ounce on Thursday, as panicking investors reacted to fresh lows for the US dollar and soaring oil prices.
US gold futures surged past the historical level
of 1,000 US dollars an ounce on Thursday, as panicking
investors reacted to fresh lows for the US dollar
and soaring oil prices.
Gold soared above 1,000 US dollars per ounce for the very first time on Thursday, a new milestone in futures trading, prompting [...]
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Posted on March 14th, 2008 by moneyvsdebt
The U.S. dollar was down against other major currencies in European trading Friday. Gold rose.
The euro traded at $1.5612, up from $1.5587 late Thursday in New York. Earlier Friday, the euro notched a record high of $1.5651.
Later, in midday trading in New York, the euro fetched $1.5619.
Other dollar rates in Europe, compared with [...]
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