Gold slips on dollar bounceINTERNATIONAL. The price of gold fell further in London on Tuesday morning, sliding 2.2% from Monday's US close to hit US$840 an ounceâ its lowest Dollar-level since Christmas Eve. European stock markets rallied, while government bonds also
Obama says trillion-dollar deficits may last yearsPresident-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur the economy. Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after
Obama: Trillion-Dollar Deficits May Last YearsWASHINGTON -- President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur the economy. Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to
Europeans: Euro Will Replace the DollarEuropeans believe in their currency. A recent poll conducted by the Financial Times/Harris shows that continental Europeans believe the euro will overtake the dollar as the world's primary reserve currency in the next five years. After slumping more than
