INDIA

'Thanks to Fed?s War on Dollar, Gold will Reach $2K an Ounce This Year'

Gold bars are pictured
Another impasse at the U.S. debt ceiling talks caused gold to touch new highs on Monday. Spot gold rose to a record $1,622.49 per ounce, an increase of 1.1 percent, as investors became nervous about the possibility of a U.S. rating downgrade. There are analysts who believe that irrespective of whether there will be a debt deal in the U.S. or not, gold will continue to rise higher, basically because of the residual weakness of the dollar.
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At Issue: U.S. Economy

Does GE Provide a Snapshot of the U.S. Economy?

Is there a way to get a quick-read on the U.S. economy, for those who are time-pressed, and don't have time to review the latest economic reports from the U.S. Federal Reserve? Indeed there is: review the performance of diversified industrial giant General Electric (GE).
GE CEO Jeff Immelt

GE's Stock Trading Up on Positive Earnings Report

GE's stock opened in positive territory Friday after the company beat Wall Street's expectations in second quarter earnings. GE was upbeat about the future, including the latter half of 2011 and into 2012.
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Signs of global slowdown mount; debt crisis weighs

Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
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Tire Likely Blew Out on New York Tour Bus That Killed Two

A tire blowout might have caused the weekend crash of a tour bus near Rochester, N.Y., authorities said. One of them evidently blew out and sent the bus veering out of control off an interstate, killing two people and injuring 35.

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