Saturday 20 April 2024
 
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US recovery

Gold hits 4-month high on economic concerns

Gold prices rose above $1,340 on Wednesday, holding onto four-month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery. Investors have poured

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US recovery 'close to faltering', Fed could act

The Federal Reserve is prepared to take further steps to help an economic recovery that is "close to faltering", Fed chairman Ben Bernanke said on Tuesday. Citing anemic employment, depressed confidence and financial risks from Europe, Ber

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