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video Following a two-day bounce earlier in the week, gold pulled back from Tuesday’s high of 2,364 on Wednesday to reach a low of 2,334. It fell below Tuesday’s low of 2,340 and continues to trade near the lows of the day at the time of this writing. Following a one-day close above the purple 20-Day MA yesterday, gold is on track to close below it today. ...
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US banks’ paper losses from two key types of securities they hold rose last quarter due to further stresses in the housing market, according to the Federal Deposit Insurance Corp. The FDIC said Wednesday that unrealized losses across the sector on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first three ...