Turkey's government, working to reduce a current-account deficit that has soared to nearly 10 percent of gross domestic product and cut high inflation, aims to coax citizens into storing their vast gold holdings in the nation's banking system.
China's factory activities slumped for the fifth consecutive month as weakening domestic demand continued to weigh on growth. Spooked investors moved quickly out of riskier assets while hoping for further easing from Beijing.
Gold hit its lowest level since mid-January on Thursday, influenced by dollar strength, with the market having unwound all of the premium built up on expectations for further U.S. quantitative easing.
It's not quite Easy Street, but more money is starting to flow along Main Street.
Gold is expected to reach a new record high of $2,200 per ounce as fears of Economic and Monetary Union of the European Union break-up surge again and with U.S. monetary policy anticipated to remain supportive, according to Capital Economics.
The National Development and Reform Commission is raising retail gas prices by 600 yuan ($95) a metric ton, leading to an average pump price hike of 6.8 percent.
The Federal Reserve has not yet decided whether to embark on a third round of quantitative easing, or QE3, though it remains an option, an influential Fed official said on Monday.
The U.S. Federal Reserve has not yet decided whether to embark on a third round of quantitative easing, or QE3, though it remains an option, an influential Fed official said on Monday.
Gold edged up on Monday, aided in part by evidence of investor and central bank demand, after having posted its largest weekly fall last week in three months, although greater optimism in the markets over global growth could temper gains in the longer-run.
Gold steadied above two-month lows on Monday, following its largest weekly fall last week in three months, as evidence of investor and central bank demand in recent weeks helped offset the negative impact of a weaker euro.
The head of the Federal Reserve's New York branch said the U.S. economy isn't in the clear yet, but recent data have been a bit more upbeat, giving investors renewed hope of a fresh round of quantitative easing.
Having stagnated over the second half of last year, Brazil’s economy is looking to have risen by 0.5 to1.0 percent q/q in Q1. However growing macro imbalances coupled with increasing signs of strain in the nation’s consumption-led growth model are clouding the outlook according to Capital Economics.
China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform Commission, said on Sunday.
Consumer prices rose the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up.
Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the FederalReserve withheld additional easing amid a string of encouraging U.S. economic data.
Consumers didn't get the escape velocity memo, the one that says economic and financial things are getting better and better. A Thomson Reuters/Univ. of Michigan survey released Friday found consumer sentiment down, especially on expectations for the next six months.
A leading survey of U.S. consumer confidence showed consumers were less optimistic in early March than they had been through most of 2012, as inflation worries put a damper on improving views of current wealth.
Consumer prices rose the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up.
Stocks were flat on Friday as data showed inflation remained in check last month as the domestic economy continues to improve, but consumer sentiment slipped.
Consumer prices rose by the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up.
Stocks were set for a modestly higher open on Friday as data showed inflation remained in check as the domestic economy continues to improve.
Consumer prices rose by the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up.
