Gold Exports Record Drive Sharp Narrowing in U.S. Trade Deficit
The U.S. trade deficit narrowed sharply in January as exports surged to a record high and imports edged lower, a shift that—if sustained—could make trade a positive contributor to economic growth in the first quarter. The Commerce Department said the overall trade gap in goods and services fell 25.3% to $54.5 billion. Economists had expected […]
High price of gold inspires new rush in California
Matt James has collected gold nuggets for years from the hills and riverbeds of California, but as the precious metal’s price soars, he has found an unexpected El Dorado: on social media. Though the value has fluctuated, it has effectively doubled in the last two years, reaching an all-time high of more than $4,380 an […]
Gold rushes to new high as Asia stocks mixed
Gold hit a record high Tuesday as a weaker dollar and expectations of a US interest rate cut made the safe haven an attractive investment. Stocks, meanwhile, were mixed as investors awaited fresh direction from Wall Street after it was closed on Monday for Labor Day. Gold reached $3,501.59 an ounce during early trading in […]
