Stories for May 21st 2009

Thursday, May 21st 2009 - 10:51 UTC
Investors flock to gold fearing inflation and financial uncertainty

Fears of future inflation and ongoing financial uncertainty saw investors continue to flock to gold in the first quarter of 2009, with volumes up 38% in the first three months of the year. Total demand for gold in the first quarter rose to 1,016 tonnes, representing a 36% rise in value terms to 29.7 billion US dollars, with demand from Exchange Traded Funds and demand for gold and coins driving the rising demand, suggesting that buyers were buying for investment purposes.
Thursday, May 21st 2009 - 10:37 UTC
British Tories insist on an immediate general election

British Prime Minister Gordon Brown has rejected calls by Conservative leader David Cameron for an immediate General Election and warned that planned Tory spending cuts would lead to “chaos”.
Thursday, May 21st 2009 - 10:31 UTC
Lula da Silva rejects third term but hand-picked candidate is seriously ill

Brazilian President Lula da Silva has ruled out the possibility of standing for a third term in office adding he was certain the likely candidate for the ruling Workers Party is chief of staff Dilma Rousseff.

Investors flock to gold fearing inflation and financial uncertainty