U.S. Mint’s Eagle Gold Coin Sales Highest Since January

U.S. Mint’s Eagle Gold Coin Sales Highest Since January

The U.S. Mint has sold nearly 60,000 ounces of American Eagle gold coins so far in October, its highest monthly sales since January, reports Reuters. Sales have been boosted by increasing geopolitical uncertainty and growing demand from retail investors in Asia and Europe. October sales of American Eagle coins, four days before the end of the month, reached 58,500 ounces, surpassing September’s sales by 500 ounces. Get all the details here. Continue reading →

Ebola Outbreak Could Have Big Impact On Gold

Ebola Outbreak Could Have Big Impact On Gold

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What Caused Dow’s Bad Streak and Will the Selling Continue?

What Caused Dow’s Bad Streak and Will the Selling Continue?

U.S. stocks on Monday fell for a third straight session, as the Dow Jones Industrial Average lost another 223 points. It’s a bad streak that started with Dow’s worst day of 2014 when the industrial average plunged 334 points on Thursday. Until Wednesday, everything seemed fine, better than fine actually because the Dow was just 2 points below its record high in September. But the Dow suddenly lost 700 points in the last three sessions and it looks set for more losses. Will the sell-off of stocks continue? Click to explore in detail. Continue reading →

Shrinkflation, Inflation’s Annoying Little Brother

Shrinkflation, Inflation’s Annoying Little Brother

Do you like chocolate? You might be paying more for your favorite chocolate bar without realizing. In 2011, the Cadbury Dairy Milk bar sold in the United States shrank by two squares, although its price remained the same. The company blamed higher costs including more expensive ingredients. In 2013, the corners of the bar were cut off too, not because rounded corners look better. Keep reading to get all the details. Continue reading →