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/ 21 January 2008
Gold surged above $910 on Monday, setting another historic high as the continuing slide in the dollar and expectations of sharp interest rate cuts by the Federal Reserve prompted investors to snap up the metal. Spot gold leapt to an all-time high of $914 an ounce, charging past the record of $900,10 set at the end of last week, before settling lower in later trading.
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/ 5 November 2007
Oil surged to another record high this week, passing the $93-a-barrel mark after Mexico briefly halted one-fifth of its production and the dollar dropped. Analysts are expecting oil to hit $100 in the near future if the price rises continue as strongly as they have in recent days.
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/ 16 February 2007
Crowning the worst year for the trade deficit since figures for imports and exports were first collected in Stuart times, the United Kingdom government admitted recently that Britain was just under £56-billion in the red last year.Data from the office for national statistics showed that, under Tony Blair, Britain’s trading performance has been worse than under any of his Labour predecessors.
China’s annual growth soared to 11,3% in the second quarter of this year, the fastest rise in more than a decade, on the back of strong exports and investment, the Chinese government said this week. The world’s fourth-largest economy may now face higher interest rates, economists believe, to reduce its reliance on cheap money and the risk of overheating.
A key survey on March 28 showed that business confidence in Germany, Europe’s largest economy, unexpectedly jumped to its highest level in 15 years in March. This boosted expectations that the European Central Bank will soon raise interest rates again.