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Gold Rising In Early 2017, Eclipses $1,200 Before Small Dip

The price of gold rose steadily over the first two weeks of 2017, surpassing the $1,200 level on Thursday. Gold for February delivery closed at $1,196.20 an ounce on Friday, Market Watch reports.  Gold began the year around $1,150. The precious metal's value in dollars has increased about 3.9 percent thus far in 2017. The

By |January 15th, 2017|Featured, Money|

China Plunges Bitcoin Price More Than 30 Percent

By JOSH FRIEDMAN After soaring to above $1,150 in the first week of 2017, the price of the cryptocurrency bitcoin fell to around $750 Thursday. Bitcoin hit a low of $752.11 early in the day, according to the CoinDesk Bitcoin Price Index. China is by in large driving the volatility in the price. Beijing imposes

By |January 12th, 2017|China, Far East, Featured, Money|

Bitcoin Approaching All-Time High

The soaring cryptocurrency Bitcoin is trading at $1,147 early Thursday, within $20 of the all-time high of $1,165.89, according to CoinDesk. The record high was set on Nov. 30, 2013. In addition to approaching a record high, Bitcoin is nearing parity with gold, which is trading at $1,178. Bitcoin's price rose steadily in 2016, appreciating about

By |January 5th, 2017|Money|

Ford Gives Trump ‘Vote Of Confidence,’ Promises 700 New U.S. Jobs

By JOSH FRIEDMAN Following intense criticism by U.S. President-elect Donald Trump, Ford Motor Company opted to scrap its plans to build a $1.6 billion manufacturing plant in Mexico. Ford says it will instead invest $700 million in Michigan and create 700 U.S. jobs, CNN Money reports. Trump has promised tax cuts and regulatory reductions, while

By |January 4th, 2017|Mexico, Money, Politics, United States|

Gold Hits Three-Week High

The price of gold rose .9 percent Tuesday, finishing the day at a three-week high of $1,162 an ounce, the Wall Street Journal reports. In 2016, gold climbed 8 percent despite a sharp selloff over the final three months of the year. A relatively strong dollar did not stop gold from rising last year either.

By |January 3rd, 2017|Money|

Bitcoin Is Back Above $1,000

The popular cryptocurrency bitcoin began 2017 by climbing above the $1,000 level for the first time in three years. Bitcoin is currently trading around $1,020. Bitcoin's price rose steadily in 2016, appreciating about 137 percent over the last 12 months, CNBC reports. Bitcoin outperformed all central-bank issued currencies last year, according to the BBC. Cryptocurrency

By |January 3rd, 2017|Money|

Oil Prices Hit 18-month Highs, Then Slide

UPDATE: Oil finished the day down more than 2 percent. Brent slid to $55.47, falling from the 18-month high it hit early in the day, Reuters reports. ORIGINAL: On the first trading day of 2017, oil prices hit 18-month highs, Reuters reports.  Benchmark Brent crude rose by more than 2 percent to a high of $58.37,

By |January 3rd, 2017|Money, Russia|

Best And Worst Stock Markets Of 2016

The Dow Jones Industrial Average (+13.4%), Russia's RTS (+27%, or 52% in dollar terms), Argentina's Merval index (+45%), Brazil's Bovespa index (+39%), the Canadian TSX Composite index (+17.5%) Norway's All-Share index (+18%), Indonesia's stock market (+15%) and London's benchmark FTSE 100 (+14.4%) were the best performing stock markets of 2016, according to CNN Money. Following the "Trump bump,"

By |January 2nd, 2017|Brazil, Canada, China, Indonesia, Italy, Money, Russia, United Kingdom, United States|
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