BEIJING— China recorded its first drop in coal production since 2000 last year, as the world's biggest greenhouse gas emitter pulls back on its use of the fossil fuel and switches to cleaner energy sources. According to the country's national coal association, China produced 3.5 billion tons of coal in the first 11 months of 2014, 2.1 percent less than the same...» Read More
Gold has one more super-spike left in it, Al Abaroa, commodity strategist from Options Pro, said on Monday. He predicts the precious metal will rise to $1,300-$1,400 in the first six months of 2010 before losing its luster.
Huntsman has been charging straight up for the last month, and the bulls are still feeling positive chemistry.
At the end of a data-packed week, market experts told CNBC they see stocks continuing upwards in 2010, but caution investors that inflation will become a problem.
Global stocks hit a 14-month high on Thursday as news that Bank of America would repay $45 billion in TARP funds injected optimism into the financial sector. Gold also hit another new high above $1,125 an ounce as investors chased equities, commodities and other risky assets.
Global stocks were mostly positive on Wednesday, with gold hitting another new record above $1,216 an ounce, as investors' anxiety over Dubai's debt problems took a backseat and they focused on upcoming U.S. employment data and the European Central Bank's meeting.
Global stocks rose on Tuesday as fears of a debt crisis in Dubai ebbed. Gold hit a new record high near $1,200 an ounce. Experts told CNBC gold remains a charming investment from now into 2010.
Global stocks were mixed Monday, with Asian shares recovering after last week's selloff, while European shares dipped as concerns about the Dubai crisis weighed. Experts told CNBC the small correction caused by the Dubai crisis is a buying opportunity.
Global stocks sold off sharply on Friday, with Asia's Kospi and Hang Seng indexes down over 4 percent, as concerns about contagion from Dubai's debt crisis curb investors' appetite for riskier assets.
Global stocks were lower on Thursday, with China's Shanghai Composite closing 3.6 percent lower, while gold hit another new record to $1,194.90 an ounce, as Debt problems in Dubai curbed investors' risk appetite.
Global stocks rose on Wednesday, with gold hitting another new high above $1,178 an ounce, after the Federal Reserve raised U.S. growth forecasts for 2010. Experts told CNBC liquidity will continue to drive stocks up, but that investors should see dips as short-term buying opportunities.
Global stocks began the week in the green Monday, with gold prices hitting a new record high above $1,167 an ounce. Experts told CNBC risk aversion is coming back despite the rise in shares.
Global stocks were mostly lower Thursday as concerns about the pace of the recovery reared its head. Experts told CNBC they expect dollar weakness for some time to come and suggest staying out of cash.
Global stocks and commodities rebounded on Wednesday, with gold rising to a fresh high near $1,150 an ounce. Experts told CNBC stocks are likely to rally through until the end of the year.
While not being comfortable with the current gold trade, Dennis Gartman told CNBC that the price of the precious metal will "continue to go up until it stops."
Global stocks gained Monday as gold hit a fresh new record above $1,130 an ounce. Experts told CNBC the energy sector face a malaise in the short-to-medium term, but Asia still holds a lot of investment potential.
Global stocks were mixed Friday as the dollar eased from gains made the previous day. Experts told CNBC investors with a longer-term time horizon should stay fully invested.
Global stocks were mixed Thursday as gold hit a new higher above $1,120. Experts told CNBC that stocks in the U.S., Europe and China still look attractive.
Global stocks rose on Wednesday, with sentiment lifted by upbeat economic data out of China. Experts told CNBC investors should forget about currencies and fixed income and rather focus on benefiting from asset-price inflation by getting into real assets.
The gem market, like most others, has taken strain since the economic downturn hit. But with the climate improving and with prices below their estimates, could now be the time to add sparkle to your portfolio?
Global stocks rose and the dollar fell on Monday after the Group of 20 pledged to keep stimulus in place until recovery was assured. But experts told CNBC gold is still king and the dollar will be on the defensive as more investors look towards currencies such as the Australian dollar.
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