Group items tagged

Gold ended marginally lower but downside was limited as the Dollar softens on Thursday due to sluggish claims data. Silver prices rallied on Thursday. The International Monetary Fund trimmed its forecast for global economic growth this year, citing recent weakness in the United States. But the IMF said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets. The Euro strengthened after Greece proposed reforms similar to those demanded by creditors in return for a financial bailout, boosting the chances the nation will remain in the currency union and reviving risk appetite.

The European Union's financial crisis and bailout strategy of Greece has been a cause for concern. Elsewhere, Netflix shares fall further on news of split up growth plan.

Stocks fell over 2 percent today as investors worry that an indecisive EU and IMF will let Greece collapse, and Republicans are up in arms over the President's class warfare plan.

Germany's Chancellor Angela Merkel and France's President Nicolas Sarkozy said they planned to address Greece's financial woes and the "structural defects" of the 17-nation euro-zone by November.

US stock futures point to a higher open Thursday after Germany's lower house of parliament voted to approve enhanced powers for the European Financial Stability- the Euro Zone's Bailout fund.

Gold miners are climbing higher and Samaranta Mining Corp., which has interest in Colombia's rich mining industry, could be poised to benefit should the trend continue.