Gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant.
The Fed had room to deliver additiona
Brent crude rose above $110 on Thursday, extending gains on hopes of demand growth revival after the US Federal Reserve said it aimed to keep interest rates low for much longer than previously planned to help speed economic recovery. &n
Gold jumped to its strongest in more than a month in choppy trade on Thursday after a promise by the US Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.
The US Federal Reserve made record profits in 2009 and will return $45 billion to the US Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington Post reported.
The $45 billion reflects the h
The US Federal Reserve is close to proposing wide-ranging rules on bankers' pay that would apply to any employee able to take risks that could threaten the safety and soundness of the institution, a Fed source said.
The source, speakin