Shares, Gold Up and Unemployment stagnant

The FTSE 100 and mining stocks were up this morning as the price of gold reached over $1,000.  This was mainly due to a weaker US dollar which enticed investors to gold as an alternative asset.

Meanwhile the unemployment situation in the UK is not likely to improve much in the remaining months of 2009.  Employers are largely expected to continue job cuts but overall the trend is slowing down.  Will the unemployment situation slow down enough to prevent it from reaching 3 million?

Over in the G20, it is said that nations are divided as to their recession-tackling tactics.  The official G20 statement runs as follows:  “The recovery is uneven and remains dependent on policy support, and high unemployment is a major concern.  To restore the global economy and financial system to health, we agreed to maintain support for the recovery until it is assured.”  But within the meetings, it is said that cracks are beginning to show as to the right way to solve the many issues.

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