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CHICAGO - Anxiety about the economy is sending a lot of people to the perceived safety of gold, and the price is soaring. This week, it closed above $1,500 an ounce for the first time.These days, it seems gold is all around us, glittering as never before, CBS News correspondent Dean Reynolds reports.With the U.S. economy sluggish, with turmoil in the Middle East, chaos in Japan and near bankruptcies in Europe, gold is attractive, luring small and big investors alike. Special Section: Disaster in JapanSpecial Section: Anger in the Arab World Gold is historically likened to a monetary metal and, more than that, a safe-haven asset, said Abraham Bailin, an exchange-traded fund analyst at investment research firm Morningstar. A pricey asset.In 2006, an ounce of gold cost $562. This week, the price settled at $1,503.80, a 167 percent increase.MoneyWatch: Gold tops $1,500 an ounceWhy is gold rising Beware: Gold scams soaringDemand for gold from emerging middle classes in China and India are also driving up th stanley cups e price. Indians, for example, are famous for their lavish gold-plated wedding celebrations. The lure of that gilded price has not gone unnoticed on Main Street. So-called cash for gold parties are now proliferating.I stanley flasche n Lombard, Ill., Jackie West will be at one soon. I m very curious to see what it is all worth, West said before gesturing to a rin stanley tumblers g. This is gas in my car. Others hit the local jeweler for a windfall, an Afdr Smokestack Comeback
Following a report on Wednesday that White House press secretary Sarah Sanders, along with her deputy Raj Shah, are leaving the White House, Sanders responded to the report by tweeting, Does CBS News know something I dont about my plans and my future According to CBS News,Sanders has told friends that she plans on departing the White Hous air force one e by the end of 2018. Shah is also reportedly planning to leave the White House, but it is unknown when that might happen.Sanders rose from the deputy press secretary position to the role of press secretary on July 21, 2017, when then press secretary Sean Spicer announced he was leaving the White House. Spicer quit amid the controversial hirin salomon wanderschuhe g of Anthony Scarmucci as communications director.Shah assumed the deputy press secretary role last September, replacing Sanders.Under Sanders, press briefings have become less frequent, and shorter in length. Some recent briefings have lasted less than 15 minutes, further increasing the tension between the Trump administration and the media.The news also comes on the same day that Trump said that outlets such as NBC and CNN distribute fake news, and that outlet adidas campus s that publish fake news is the United States biggest enemy. Does @CBSNews know something I dont about my plans and my future I was at my daughters year-end Kindergarten event and they ran a story about my plans to leave the WH without even talking to me. I love my job and am honored to work for @POTUS鈥?Sarah Sanders @PressSec June 14
CHICAGO - Anxiety about the economy is sending a lot of people to the perceived safety of gold, and the price is soaring. This week, it closed above $1,500 an ounce for the first time.These days, it seems gold is all around us, glittering as never before, CBS News correspondent Dean Reynolds reports.With the U.S. economy sluggish, with turmoil in the Middle East, chaos in Japan and near bankruptcies in Europe, gold is attractive, luring small and big investors alike. Special Section: Disaster in JapanSpecial Section: Anger in the Arab World Gold is historically likened to a monetary metal and, more than that, a safe-haven asset, said Abraham Bailin, an exchange-traded fund analyst at investment research firm Morningstar. A pricey asset.In 2006, an ounce of gold cost $562. This week, the price settled at $1,503.80, a 167 percent increase.MoneyWatch: Gold tops $1,500 an ounceWhy is gold rising Beware: Gold scams soaringDemand for gold from emerging middle classes in China and India are also driving up th stanley cups e price. Indians, for example, are famous for their lavish gold-plated wedding celebrations. The lure of that gilded price has not gone unnoticed on Main Street. So-called cash for gold parties are now proliferating.I stanley flasche n Lombard, Ill., Jackie West will be at one soon. I m very curious to see what it is all worth, West said before gesturing to a rin stanley tumblers g. This is gas in my car. Others hit the local jeweler for a windfall, an Afdr Smokestack Comeback
Following a report on Wednesday that White House press secretary Sarah Sanders, along with her deputy Raj Shah, are leaving the White House, Sanders responded to the report by tweeting, Does CBS News know something I dont about my plans and my future According to CBS News,Sanders has told friends that she plans on departing the White Hous air force one e by the end of 2018. Shah is also reportedly planning to leave the White House, but it is unknown when that might happen.Sanders rose from the deputy press secretary position to the role of press secretary on July 21, 2017, when then press secretary Sean Spicer announced he was leaving the White House. Spicer quit amid the controversial hirin salomon wanderschuhe g of Anthony Scarmucci as communications director.Shah assumed the deputy press secretary role last September, replacing Sanders.Under Sanders, press briefings have become less frequent, and shorter in length. Some recent briefings have lasted less than 15 minutes, further increasing the tension between the Trump administration and the media.The news also comes on the same day that Trump said that outlets such as NBC and CNN distribute fake news, and that outlet adidas campus s that publish fake news is the United States biggest enemy. Does @CBSNews know something I dont about my plans and my future I was at my daughters year-end Kindergarten event and they ran a story about my plans to leave the WH without even talking to me. I love my job and am honored to work for @POTUS鈥?Sarah Sanders @PressSec June 14