Gold cut early losses of near 2 percent on Monday amid expectations a $1 trillion aid package aimed at alleviating the euro zone’s debt crisis could cement easier monetary policy, and potentially spark inflation.
The metal fell as low at $1,183.85 in early trade as the package boosted risk appetite, lifting stocks, commodities and the euro. [...]
Posts Tagged ‘hard monetary’
Gold arrests slide made after EU rescue deal
May 10th, 2010 by HardMoney Writer
Tags: businesses, economic recovery, economy, European Central Bank, financial, financial market, hard monetary, interest rates, investments, investors
more...The Bernanke Record
December 4th, 2009 by HardMoney Writer
Federal Reserve Chairman Ben Bernanke faces his Senate renomination hearing today, amid signs that the confirmation skids are greased. We nonetheless think someone should say that, as a matter of accountability for the financial crisis and looking at the hard monetary choices to come, the country needs a new Fed chief.
We say this not because [...]
Tags: central banker, credit mania, Federal Open Market Committee, financial crisis, financial panic, hard monetary, hard money, investors
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