5 Investments That Shine More Than Gold
It has been a tough few years for gold investors. Despite a recent uptick in gold prices, the yellow metal is still dramatically cheaper than it was in 2012, now selling at around $1,200 per ounce. Meanwhile, other investments have outperformed gold, including the following: Fine Watches Watches are not a traditional investment. If you are looking for a safe and solid investment, mutual funds are a better choice. But for investors who...
Gold Drops to 1-Month Low
Gold fell to a one-month low and trading volume declined as investors held off on making big moves before Federal Reserve policymakers meet this week. Gold is headed for a third straight annual loss as steady growth for U.S. jobs and the economy strengthened the dollar and bolstered the case for the Fed to raise interest rates for the first time since 2006. Futures trading was about 22 percent below the 100-day average on Friday, data...
EPA Knew of ‘Blowout’ Risk At Gold Mine
Washington — U.S. officials knew of the potential for a catastrophic “blowout” of toxic wastewater from an inactive gold mine, yet appeared to have only a cursory plan to deal with such an event when government contractors triggered a 3 million gallon spill, according to internal documents released by the Environmental Protection Agency. The EPA released the documents late Friday following weeks of prodding from The Associated Press...
Gold Falls to Six-Week Low
Gold futures fell to a six-week low Friday on mounting speculation that the Federal Reserve is moving closer to raising U.S. interest rates. Gains in consumer confidence are helping to underscore the Fed’s outlook that drags on the economy earlier this year were “transitory.” Sentiment in April increased to the second-highest level in eight years, a private report showed Friday. An improving economy allows the Fed more to room to...
