Gold hit its highest price in two months on Friday as the U.S. dollar fell and a global flight from emerging market assets pushed global stock markets toward their worst week so far in 2014. The U.S. dollar remained wobbly after registering its biggest one-day drop in three months on Thursday, setting bullion on course to post a fifth week of gains. Spot gold was up 0.3 percent at $1,267.50 an ounce at 1431 GMT, slipping slightly after reaching $1,272.70, its highest since mid-November. U.S. gold futures for February delivery gained 0.4 percent to $1,267.00. Gold is on track to record a fifth straight weekly gain for the first time since September 2012. But investors still are wary of a market that took its biggest fall in more than 30 years in 2013.
KKR & Co (KKR) and BlackRock Inc (BLK) are among leading global investors in talks to buy a stake in China Huarong Asset Management Co Ltd. as the bad debt manager seeks to raise more than $2 billion, sources familiar with the matter told Reuters.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: