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PRECIOUS-Gold falls below $1,600 on euro zone uncertainty
Reuters: Basic Materials
Wed, 9 May 2012
* Gold down again on questions about Greecebailout * Bullion sell-off nearly wipes out 2012 gains * U.S. gold open interest up 1 percent * Coming up: US import, export prices Thursday (New throughout, updates prices, market activity) By Frank Tang NEW YORK, May 9 (Reuters) - Gold dropped below ...
Concerns over Greek government turmoil, Italian debt, the ECB's mandate, and the sturdiness of the EFSF are complicating plans for a bailout , says Morningstar markets editor Jeremy Glaser.
Professor John Cochrane thinks the fiscal crises in California and Illinois are similar to those in Europe and could lead to inflation in the United States.