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Saturday, October 31, 2020
Banking Hello, gold

Hello, gold

Other News

Outtakes: Stevie Nicks on Petty, Prince, Beyoncé and Harry

By MESFIN FEKADU AP Music WriterNEW YORK (AP) — Stevie Nicks — who is releasing a new song Friday and a concert...

Kids are probably more strategic about swapping Halloween candy and other stuff than you might think

Margaret Echelbarger, University of Chicago The Research Brief is...

FWHS picks demolition contractor for Stop Six Choice Neighborhood Initiative

Fort Worth Housing Solutions has awarded a $2.8 million contract for the abatement and demolition of the former Cavile Place public housing...

Investors have retreated to a traditional safe haven at times of fear and uncertainty — gold — during the coronavirus pandemic. While stocks are down roughly 12% this year, and other commodities like copper, silver and oil have lost value, gold prices are up 15% in 2020 and nearly 40% from a year ago. For decades, gold has been the place investors have stashed their money during fearful times. Gold spiked during the 2008 financial crisis
and continued to climb for another three years. The precious metal hit a record high in August 2011 of $1,831 an ounce, during the standoff between House Republicans and President Obama over the debt ceiling debate, which caused the United States to lose its “AAA” credit rating. The price of gold is almost back to its 2011 high, as the coronavirus pandemic shutters businesses worldwide and brings economies to a standstill on par or worse than the Great Depression. Investors

Latest News

Industrial park coming to Arlington

A logistics real estate giant is developing a master-planned industrial park in Arlington that could cost more than $65 million.

Goosehead: 3Q Earnings Snapshot

WESTLAKE, Texas (AP) _ Goosehead Insurance Inc. (GSHD) on Thursday reported third-quarter net income of $3.3 million.On a per-share basis, the Westlake,...

Pier 1 returns via REV with virtual retail presence

Fort Worth’s legendary home furnishings retailer Pier 1 is back – virtually at least. Retail Ecommerce Ventures (REV) on Oct....

Textron: 3Q Earnings Snapshot

PROVIDENCE, R.I. (AP) _ Textron Inc. (TXT) on Thursday reported third-quarter net income of $115 million.On a per-share basis, the Providence, Rhode...

Exxon to cut 1,900 US jobs as oil industry struggles

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S....