Gold

In what could become a major initiative, the European Commission, on Wednesday announced that it will take steps to overhaul its fiscal rules. The commission’s current fiscal rules prohibit member EU states of having a public debt of…
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The US dollar continued to keep the bullish momentum intact. The latest economic report from the United States showed that factory orders beat estimates, rising 1.8% on the month. The data beat estimates of a 0.7% increase. However,…
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Trade of the week EURUSD Recoups January Losses The single currency bounced back after having erased all of December’s gains. Last week, the Fed reaffirmed its commitment to raise inflation to the elusive 2% and showed optimism in…
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The US dollar closed in the red on the last trading day of January. Economic data on the day saw the US core PCE rising 0.2% on the month. On a yearly basis, core PCE held up at 1.6%, unchanged from the previous period. Personal…
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The latest advanced GDP report from the United States showed that the economy grew by 2.1% on the quarter ending December 2019. This enabled the US to grow at a pace of 2.3% annually on the year. The data comes amid investor concerns of…
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The Federal Reserve Bank held its monetary policy meeting yesterday. As widely expected, the central bank left interest rates unchanged. It signaled that rates will remain steady while affirming its commitment to higher inflation. The…
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The US dollar index is building upon the strong patch of economic data. The index is currently seen extending gains for four consecutive sessions so far. But the momentum could stall ahead of the FOMC meeting due later in the week. The…
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Equity markets extended the declines from Friday’s close. The weakness comes as investors remain concerned about the coronavirus outbreak. Cases have now been registered in the United States, France, and Australia, besides China. The…
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Equity markets were trading in the red into Friday’s close. The declines came partly as investor concerns rise on the impact of the Coronavirus breakout. Yields on the 10-year treasuries also increased, underlining investor concerns. Euro…
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The short answer is, yes. The Chinese Lunar New Year routinely has an effect on the price of gold. But just as important is why, and what that means for people who are interested in trading the precious metal. So how much of an effect…
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