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July 25, 2008 12:25:55 AM CDT

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Stories related to: gold prices

Stories

6 Stories

  • May 2008

    • Serial Thieves Swipe $2.5M in JCPenney Gold

      newser  |  Los Angeles Times  |  May 14, 08 11:17 AM CDT

      Serial Thieves Swipe $2.5M in JCPenney Gold

      California police are hunting a gang of gold thieves raiding JCPenney stores across the state, the Los Angeles Times reports. The gang has struck 11 times in 18 months to grab $2.5 million in jewelry, and they've been getting busier as the price of gold continues to climb. Cops aren't sure why the brazen thieves keep hitting JCPenney stores but suspect one of the culprits is an insider. More »

      Tags

      California  • theft  • gold  • jewelry  • JCPenney  • gold prices  • thief

  • April 2008

    • Are Wall Street Banks Ready to Risk Again?

      newser  |  Wall Street Journal  |  Apr 28, 08 9:48 AM CDT

      Are Wall Street Banks Ready to Risk Again?

      Wary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert. More »

      Tags

      housing market  • Bear Stearns  • economy  • Citigroup  • Merrill Lynch  • JPMorgan Chase  • gold prices

    • IMF OKs $11B Gold Sale

      newser  |  Financial Times (UK)  |  Apr 8, 08 2:40 AM CDT

      IMF OKs $11B Gold Sale

      The International Monetary Fund has approved the sale of 400 tons of gold from its massive reserves for an expected $11 billion, the Financial Times reports. The global lender also plans to slash up to 15% of its workforce to improve its finances, which have been hit by falling demand for emergency loans. The IMF is aiming to move away from lending to take on a more advisory role. More »

      Tags

      banking  • gold  • global economy  • IMF  • gold prices

    • Eureka! New Gold Rush Is On

      newser  |  New York Times  |  Apr 5, 08 11:39 AM CDT

      Eureka! New Gold Rush Is On

      A new generation of prospectors is partying like it’s 1849: Record prices and a simple desire for outdoor fun are drawing thousands westward in a new gold rush, the New York Times reports. “Anywhere gold has been found in the past, that’s where they’re going again,” says a gold guru whose organization’s membership has ballooned 40% in the past few years. More »

      Tags

      gold  • gold prices

  • February 2008

    • Oscar Gold Glitters, Costs a Mint

      newser  |  Bloomberg  |  Feb 22, 08 11:23 AM CST

      Oscar Gold Glitters, Costs a Mint

      They’re worth their weight in gold to actors. And this year’s Oscars—carrying a gilding of pure gold—will cost the Academy of Motion Picture Arts and Sciences about $500 each, up $100 from last year's 13 1/2-inch tall, 8 1/2-pound statuettes. The price of gold has soared to record levels, reports Bloomberg, as investors looking for safe haven make the metal ever more precious. More »

      Tags

      Oscar  • Academy Awards  • gold  • gold prices  • Academy of Motion Picture Arts and Sciences

  • November 2007

    • At $832 an Ounce, All That Glitters Is Gold

      newser  |  Los Angeles Times  |  Nov 12, 07 3:05 PM CST

      At $832 an Ounce, All That Glitters Is Gold

      Gold’s lure as a safe haven from economic upheaval has Wall Street worried that investors are turning their backs on the markets, reports the LA Times . Gold prices have pushed steadily toward $850 an ounce, a level it hasn’t seen since 1980. "The markets' statement is that the US has lost its way," said one economist. More »

      Tags

      commodities  • investment  • gold  • global economy  • gold prices

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