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Data released by Fidelity Investments on Wednesday showed a surprising new fact: investors holding an individual retirement account at Fidelity contributed an average of $4,150 in 2013, a record high level up 5.7% from 2012. The average account balance among the 7 million IRAs held at Fidelity also rose by 10%. Perhaps most surprisingly, contributions

According to data released by the U.S. Bureau of Labor Statistics on Tuesday, if you’ve noticed you’re spending more on everyday necessities such as food, shelter, clothing, and gas, you are correct. The Consumer Price Index (CPI), which measures the costs of consumer goods and services purchased by households and is arguably the best measure of inflation, increased

Just three months after the United States Mint released the new Proof 2014-W American Eagle 1-oz. gold coin, it has sold more than 75% of its supply of the single-coin option. The coins went on sale starting April 3. The U.S. Mint authorized a supply of 20,000 of the single-coin option for the 1-oz. piece. There are also

Espírito Santo International, the parent institution of Portugal’s largest publicly-traded bank Banco Espírito Santo (BES), announced on Tuesday that it had missed payments on some of its debt. Today, July 10th, trading of both Espírito Santo International and BES stocks was suspended. BES is also Portugal’s second-largest lender. In response, stocks have fallen. European stocks are down by

Minutes from the Federal Open Market Committee’s mid-June meeting were released at 2:00 p.m. EST today and the precious metals market has reacted accordingly. Gold hit $1,330 an ounce, a rise of 1%, just a half hour after the minutes were made public. They revealed much of what was expected: there will be no hike

The end of June marked the end of Q2 2014 and the first half of the financial year. Can you guess what June’s top-performing asset was? And the only one yielding double-digit returns? None other than silver. Gold came in second, and the worst-performing asset was wheat. In Q2 (the months of April, May, and June), silver

If you thought gold’s 10-week high yesterday was impressive, try a 10-month high. That is what platinum has reached in early trading today, July 2, while gold is approaching its highest price in three months. At one point this morning platinum reached $1,523 an ounce, its highest price since September 4, 2013. Palladium for September