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Gold price stays below $1,300, heads for 2.5% monthly drop

Gold price stays below $1,300, heads for 2.5% monthly drop

Last Updated: Thursday, July 31, 2014, 10:20

Gold is headed for a 2.5 percent drop for the month.

IMF cuts US economic growth forecast to 1.7% in 2014

Last Updated: Wednesday, July 23, 2014, 21:51

The International Monetary Fund on Wednesday lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.

US growth slow but steady: IMF

Last Updated: Tuesday, April 08, 2014, 22:12

The clearing of Washington`s fierce debt and deficit battles of the past three years has opened the way toward stronger US economic growth, the International Monetary Fund said Tuesday.

US fourth-quarter economic growth rate revised down to 2.4%

Last Updated: Saturday, March 01, 2014, 23:01

US gross domestic product (GDP) grew at an annualized rate of 2.4 percent against an expected 3.2 percent from October to December.

Gold price set to snap 5-week rally on US data, weak China demand

Last Updated: Friday, January 31, 2014, 14:30

Gold last traded down 0.1 percent at USD 1,241.59 an ounce Friday after a 2-percent overnight drop.

US economy grew 3.2% in fourth quarter

Last Updated: Thursday, January 30, 2014, 19:33

The US economy grew at an annual rate of 3.2 percent in the 2013 fourth quarter, slightly stronger than expected despite the partial government shutdown, official data released Thursday showed.

Wall Street gains on GDP data; indexes post strong week

Last Updated: Saturday, December 21, 2013, 11:57

For the week, the Dow rose 3 percent, its best week since September, and the S&P 500 gained 2.4 percent, its best week since July. The Nasdaq advanced 2.6 percent.

US economy grew a speedy 3.6% in Q3

Last Updated: Thursday, December 05, 2013, 19:40

The US economy grew at a speedy annual rate of 3.6 percent in the third quarter, significantly higher than initially estimated, the Commerce Department reported Thursday.

Fed officials felt taper may happen at next few meetings

Last Updated: Thursday, November 21, 2013, 10:03

Federal Reserve officials felt they could decide to start scaling back the U.S. central bank`s massive asset-purchase program at one of its next few meetings provided this was warranted by economic growth.

US economy clocks 2.8% growth in third quarter

Last Updated: Thursday, November 07, 2013, 21:17

The US economy grew at an annual rate of 2.8 percent in the third quarter, the government said Thursday in a report that revealed weakness in key consumer spending.

US stocks rise as Twitter poised to enter market

Last Updated: Thursday, November 07, 2013, 20:44

US stocks Thursday opened higher after a strong economic growth number for the third quarter and as Twitter was poised to make its much-anticipated entry into the market.

Gold price near 2-month low as US shutdown sparks selloff

Last Updated: Wednesday, October 02, 2013, 13:02

Spot gold had had fallen to USD 1,278.24 earlier in the session, its lowest since Aug. 7.