Uncertainty Over Fed Direction, Asian Markets Causes Gold to Surge

Gold prices surged past 3 1/2-month highs Wednesday morning as investors further discounted the possibility of a rate increase by the U.S. Federal Reserve this year and the precious metal benefited from Chinese investors fleeing stock-market falls in Asia. Gold prices rose to $1,174.60 a troy ounce during European morning hours, the highest since June…

Uncertainty Over Fed Direction, Asian Markets Causes Gold to SurgeDetails

IMF Chief Christine Lagarde Calls for Urgent Economic Overhauls Amid Slowdown

The head of the International Monetary Fund on Saturday called for the world’s largest economies to urgently move ahead with economic overhauls as the global growth outlook sours and market turmoil rocks emerging markets. “Downside risks to the outlook have increased, particularly for emerging market economies. Against this backdrop, policy priorities have taken on even…

IMF Chief Christine Lagarde Calls for Urgent Economic Overhauls Amid SlowdownDetails