Reported by imarketnews.com: Sales by overseas central banks could see a sharp fall in gold prices, the Financial News reported Wednesday, citing Zou Pingzuo, a central bank researcher.
“Investors should be careful about investing in gold. Gold prices could fall sharply because of intensive gold sales by the U.S. and other overseas central . . . → Read More: China Desperate for Gold
Source: The Economist, Sovereign Debt: Wiggle Room, September 2, 2010 (link)
The beginning of September saw good news flowing in many corners of the economy.
The consumer made a comeback in July-in both income and spending. Personal income in July posted a 0.2 percent gain, following no change in June. The July figure was a little lower than the consensus expectation for a 0.3 percent . . . → Read More: September Ushers In Welcome News; Manufacturing Growth Accelerates and Adds Jobs for Ninth Straight Month