SINGAPORE, July 30- Gold was trading in a tight range below $1,300 an ounce on Wednesday, as investors nervously awaited the end of a Federal Reserve policy meeting to gauge the U.S. central bank's view on the economy and monetary policy.» Read More
ECB chief Jean-Claude Trichet discussed exchange rates with euro zone finance ministers on Monday but said nothing new on a dollar slide that some fear could hurt Europe's economic recovery.
The price of gold could rally higher and reach $1,350 per troy ounce within the next six months, but a dollar crisis could push it even higher, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC.
Stocks and gold are crowded markets and there is a risk that everybody will want to exit at the same time, Hugh Hendry, chief investment officer at Eclectica, told CNBC Friday.
The recent weakness in the dollar index is likely to continue and it could soon hit an all-time low of 70.65 points, Royce Tostrams, technical analyst from Tostrams Groep, told CNBC.
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AIG paid retention bonuses totaling more than $168 million to a wide array of employees in its financial products unit, including an assistant in a kitchen, the Financial Times reported Wednesday, citing a government report to be released later in the day.
The recent surge in the price of gold could "collapse" and quickly move back toward the $1,000 mark as the precious metal has not confirmed its upward trend yet, Daryl Guppy, CEO of Guppytraders.com, told CNBC.
A combination of falling revenues, high debt and tougher lending standards by banks has pushed up dependence on alternative lenders in the UK.
Risky assets will continue to outperform safer assets and investors should stick to bonds and quality stocks such as Johnson & Johnson, Intel and CSX, instead of Treasurys and cash, Bob Doll, vice chairman and global CIO of equities at BlackRock, told CNBC.
President Nicolas Sarkozy's 23-year-old son and fellow conservatives are defending his bid for a highly visible job overseeing France's biggest business district.
There is a real risk of a double-dip recession and the market is acting in a "schizophrenic" way, which could cause a "bloodbath" for investors, billionaire investor Carl Icahn told CNBC Friday.
The dollar index could tank another 10 percent or more over the next six months, and the recent rally in gold can continue to push stocks higher, Chris Zwermann, global strategist at Zwermann Financial, told CNBC.
The price of gold will continue to rise and outperform stock markets and could go as high at $2,000, depending on the strength of the S&P 500 index, according to Chris Locke, managing director at Oystertrade.com Management.
Australia's rate hike may not signal a stampede to raise rates. But smaller central banks could be tempted to tighten sooner rather than later.
The Nikkei 225 is currently the weakest of the major stock indexes and could fall toward its March lows of around 7,000 points next month, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
High unemployment and a lack of stimulus for private demand by countries like Japan and Germany could slow down the world recovery, famous bear Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
"Anybody who's anticipating a V-shaped recovery is going to be disappointed and they're going to be disappointed for a while," Stephen Wood, chief market strategist at Russell Investments, said Thursday.
China has had recurring periods of greatness and recurring periods of disaster and now is the time to be in China, Jim Rogers, chairman of Rogers Holdings, told CNBC as China celebrates 60 years of communist rule.
The recent surge in Chinese initial public offerings has made a lot of people a lot of money, but the market seems to be getting oversupplied and overvalued, Mark Mobius, executive chairman of Templeton Asset Management, told CNBC Thursday.
The US faces high inflation because of the weak dollar and the Federal Reserve's policy of printing money to counter the effects of the crisis, legendary investor Jim Rogers told CNBC Thursday.
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