Gold Investing News reports on the recent financial turmoil and the bail-out plan approved by the US lawmakers, found investors are afraid to put money into banks but going for gold commodity instead.
The Wall Street Journal has reported that export growth was anticipating a sharp decline in coming months, muting what had been one of the few bright spots for a sputtering U.S. economy. Many U.S. producers are already indicating a slowdown in new orders and escalating concern on behalf of foreign buyers to move ahead on previously negotiated agreements. The outlook has weakened so quickly that economists are having a hard time keeping their projections current and their red pens filled with ink.
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