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- MSNBC host Ed Schultz paid $252K by unions in 2012-2013
- Korean War memorial ordered to take down Christian cross
- Billy Graham near death, ‘close to going home to be with the Lord’
- SeaTac, Wash.: City’s new $15 minimum wage heads to court
- Obama mulls support for Islamists in Syria, with conditions
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- GOP hopes taking shutdown off the table with budget deal will pay dividends
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Commodities plunge, roil world markets
The plunge in commodities in recent days has included gold, platinum and other precious metals that were popular earlier this year as safe-haven investments as well as hedges against inflation and a falling dollar. But a sharply rising dollar and faltering world economy have reduced that appeal. Gold prices plummeted as low as $720 an ounce Wednesday, the lowest in more than a year.
“Gold is just acting like another commodity at this point,” said Tom Hartmann, a commodity analyst at Altavest Worldwide Trading Inc.
About the Author
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- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- Economic growth jumped to 3.6 percent in summer
- Spending on social welfare rose as economy tanked during recession
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