Economics / Markets

The price of gold soared yesterday to hit a new record before falling back following the death of the world's most wanted man, Osama Bin Laden.

Gold advanced to a record after the Federal Reserve pledged to keep interest rates near zero to bolster the recovery, weakening the dollar and boosting demand for precious metals as a store of value.

Asian markets rallied overnight after the Federal Reserve indicated it will not hike interest rates.

The Federal Reserve last night cut its growth forecast for the US and warned inflation is higher than expected, while hinting QE2 is on track to finish in June as planned.

The dollar has plummeted to a 16-month low against the euro as markets expect the Federal Reserve to signal it will hold interest rates.

Economists react to today's ONS estimate of UK GDP growth in the first three months of this year...

The UK economy grew by 0.5% in the first quarter of the year, down slightly on economists' forecasts, the Office for National Statistics (ONS) said in its first estimate today.

Syndicate Asset Management has offloaded its institutional fixed income asset arm for £2.1m as the group continues to shift its focus on to wealth management.

A number of economists predict the Monetary Policy Committee will raise interest rates in August this year, to curb rising inflation.

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.