- The Standard & Poor’s 500 Index gained 0.6 percent at 10:41 a.m. in New York, rebounding from the biggest drop in five months.
- Gold jumped 2.4 percent, because the decline led to a buying opportunity.
- The global economy will expand 3.3 percent this year, less than the 3.5 percent forecast in January
- The reason Gold dropped the last two days was because triggered by speculation that Cyprus would sell its gold reserves, leading other European central banks to follow suit
- The cost of living in the U.S. declined in March for the first time in four months as cheaper gasoline and clothing kept inflation in check.
Categories: Equity Capital Markets