Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. Imports by India, the world’s biggest consumer, may plunge as much as 36 percent this year, the Indian Bullion Market Association said. On June 21, the [...]
Posts Tagged ‘consumers’
Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
July 6th, 2010 by HardMoney Writer
Tags: consumers, debt crisis, European economy, eurozone economy, Financial Markets, fiscal crisis, global financial crisis, Gold & Precious Metals, Hard Money Loans, loan, wall street
more...Factory orders fall 1.4 percent in May
July 3rd, 2010 by HardMoney Writer
Orders to U.S. factories declined broadly in May after nine straight months of gains, raising new concerns that the recovery is stalling.
The Commerce Department said Friday that orders for cgoods decreased 1.4 percent in May. It was the biggest drop since March 2009.
Excluding the volatile transportation sector, orders fell 0.6 percent. That number fell 0.7 [...]
Tags: business, commerce department, consumers, economy recovery, financial, leading economist, US Economy, us manufacturing
Mortgage Bonds Booming
July 2nd, 2010 by HardMoney Writer
Residential mortgage bonds, the center of the financial crisis not long ago, are once again darlings of the financial market.
Investors are seeking out mortgage bonds backed by the U.S. government as a safe haven from the tumult of the global economy, a reversal of fortune that has helped drive mortgage rates for consumers to record [...]
Tags: consumers, Fannie Mae, financial crisis, financial market, Freddie Mac, global economic, home sales, homeowners, housing market, investors, mortgage rates, mortgages
Euro Gains on ECB Relief
June 30th, 2010 by HardMoney Writer
The euro gained against the dollar, as lower-than-expected demand for a European Central Bank lending program allayed some fears over the region’s banking sector.
But disappointing U.S. private-sector jobs data took some shine of currencies most closely tied to global growth, such as the Australian, New Zealand and Canadian dollar.
The euro-zone funding results are “a sign [...]
Tags: borrowers, consumers, euro zone, European Central Bank, financial lending, global recovery, investments, stocks
Gold Advances in New York as Investors Seek to Protect Wealth
June 28th, 2010 by HardMoney Writer
Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence.
Hedge-fund managers and other large speculators increased their net-long position in gold futures on the Comex in New York by 4 percent to 238,634 contracts in the week ended June 22, [...]
Tags: businesses, Commodities, consumers, Financial Markets, global economic, Gold & Precious Metals, investors, money, US Economy
U.S. Consumer Prices Fall on Lower Energy Costs
June 17th, 2010 by HardMoney Writer
Consumer prices fell for the second consecutive month in May, extending a break for Americans’ pocketbooks. Less expensive energy was the main factor pulling down prices.
But a weekly unemployment report found that the number of people filing new claims for jobless benefits jumped last week after three weeks of declines, a sign that hiring remains [...]
Tags: commerce department, consumers, debt crisis, European economy, eurozone economy, financial, financial market, global recovery, unemployment rate, US Economy
Euro Snaps Six-Week Drop Versus Yen as Risk Appetite Increases
June 12th, 2010 by HardMoney Writer
The euro ended its longest stretch of weekly losses against the yen since the shared currency was created as investor appetite for riskier assets improved on signs Europe’s debt crisis is unlikely to derail global growth.
The yen fell against 15 of its 16 most-traded counterparts as stock and oil gains boosted demand for currencies linked [...]
Tags: commerce department, consumers, debt crisis, European economy, eurozone economy, global recovery, JPMorgan, money, stock market, U.S. consumer, US Economy
Euro Rises for Second Day on Speculation Short Traders Exiting
May 28th, 2010 by HardMoney Writer
The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased.
The 16-nation currency pared its sixth straight monthly drop against the dollar as the Stoxx Europe 600 Index climbed for a third straight day. [...]
Tags: consumers, debt crisis, economic recovery, economy, euro zone, financial market, global recovery, investments, money, stock market, US Economy
The preface over last-resort loans
October 7th, 2009 by HardMoney Writer
A hard money lender, on the disparate hand, may typify certain to bestow that companion a besides loan. The customer albatross worth physical to property polish off the inherent lender, gaining enough occasion to pass down the payment again pride a likewise ring in to live. Borrowers who female payments owing to of substitute problems, [...]
Tags: borrowers, consumers, hard money, hard money lender, hard money news, loan, money, mortgage brokers, payments
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