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Keyword: economicfears

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  • Gold prices plunge as economic fears ease, for now

    08/24/2011 1:15:58 PM PDT · by NormsRevenge · 21 replies
    Yahoo ^ | 8/24/11 | Associated Press
    Gold prices are plunging as investors grow more confident about the global economy. Gold fell $104, or 5.6 percent, to settle at $1,757 an ounce Wednesday. It's the steepest percentage drop since March 2008. Gold is still is up 24 percent for the year. Investors have been buying gold because of concerns about economic weakness in the United States and Europe .. Recent economic news has been more encouraging...
  • Oil tumbles below $34 a barrel on economic fears (amid growing doubts about stimulus package)

    02/12/2009 1:00:45 PM PST · by NormsRevenge · 40 replies · 891+ views
    AP on Yahoo ^ | 2/12/09 | Mark Williams - ap
    COLUMBUS, Ohio – Oil prices slid to a new low for the year Thursday because of growing doubts that the $789 billion stimulus package will reinvigorate the economy and demand for energy. Crude supplies in the U.S. reached an 82-week high last week, according to the Department of Energy, showing just how far demand has fallen. ... Light, sweet crude for March delivery tumbled $1.96, more than 5 percent, to settle at $33.98 a barrel on the New York Mercantile Exchange.