ns about weakening demand. It has become apparent that the fragility in the European Union's debt crisis have the New York Federal reserve questioning the stability of the Euro Region Banks, said Mike Daly, a gold specialist with PFBbest here in Chicago, This along with the U.S. dollar notching a new record low versus the yen has investors questioning the stability of the world's economy, Daly added.Meanwhile, gold also gained strength as the a slew of macroeconomic data, including Thursday's downbeat reading on factory activity in the Philadelphia region, showed the U.S. economy is showing new signs of fatigue, unsettling consumers and discouraging businessAnd many traders agreed that this week's rally has been supported by a huge underlying demand to buy physical bullion.But Daly also warned that gold market remains technically overbought and very top heavy, investors should be cautious that any U.S. dollar friendly news could start a profit taking sell-off in the gold market.Silver for Sept. delivery soared 1.744 dollars, or 4.3 percent, to 42.432 dollars per ounce. Platinum for Oct. delivery rose 27.2 dollars, or 1.5 percent, to 1,874.9 dollars per ounce. The Fitch rating agency is keeping its top-level credit rating on the United States. Fitch says it kept the AAA credit rating in place because the U.S. economy is flexible, diversified, and wealthy, which helps the nation adjust to marketplace shocks. The rating decision by Fitch follows an August 5 downgrade of U.S. debt by rival Standard Poor's that sparked a sharp drop in global stock markets. In the meantime, a series of reports paint a mixed picture of the U.S. economy. Tuesday's data from the Commerce Department says the number of housing starts dropped 1,
gray toms with laces.5 percent in July. If construction continued at the same pace for a full year, just 604,000 homes would be built. Experts say that is far below the level seen in a healthy housing market,
cheap kids toms shoes.A separate report showed industrial production rose in July as carmakers started to recover from the supply disruptions caused by Japan's natural disasters. The U.S. central bank says production at factories, mines and utilities gained nine-tenths of a percent in July, which is a bigger gain than the previous month. Still another report showed that the costs of goods imported to the United States rose three-tenths of a percent in July,
toms 56% off, in part due to increasing oil costs. And U.S.-based Wal-Mart, the world's largest retailer, has not yet been able to boost sales in its home market. But Wal-Mart's international sales helped the store's overall profits grow by 5.7 percent in April, May, and June. ROME, Aug. 13 Xinhua -- The day-after the Italian government approved an additional anti-crisis emergency plan worth some 45.5 billion euros about 64 billion U.S. dollars, Economy Minister Giulio Tremonti outlined on Saturday the contents of the tough measures in an attempt to reassure both markets and citizens.Talking at a press conference, Tremonti acknowledged that the plan was austere and would lead to many sac
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