BEIJING, Sept 3 (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
SAN FRANCISCO (MarketWatch) -- Silver closed at a two-year high Friday, rallying 1.4% and carried by its safe-haven and industrial appeals. Gold closed lower, although the metal came off session lows. Silver for December delivery added 28 cents to $19.95 an ounce on the Comex division of the New York Mercantile Exchange. Gold for December delivery declined $2.30, or 0.2%, to $1,251.10 an ounce
WASHINGTON (AP) -- The unemployment rate rose in August for the first time in four months as weak hiring by private employers wasn't enough to keep pace with a large increase in the number of people looking for work.
Nearly three out of four Americans have been directly affected by the recession, either because they have been unemployed or know someone who has lost their job, according to a new survey.
Richard Russell and John Williams are a couple of veterans who have been warning of collapse for some time now. Below, Williams addresses massive job losses, payroll contraction and the continued disastrous help wanted index. Russell, with well over half a century of market experience, explains in clear terms how this gold bull market will end.