All eyes were focusing on the U.S. Federal Reserve as it began two days of meetings that are likely to end with a decision impacting the price of copper futures, according to Bloomberg.
Ben Bernanke
Gold futures tugged down by strong U.S. data
Strengthening economic circumstances in the world’s largest economy pulled down gold futures on Friday as the yellowish metal pushed toward its biggest weekly losses since June, according to Bloomberg.
Dollar slips toward monthly loss as curtain comes down on July
The world’s reserve currency was sinking toward a monthly loss against its top counterparts as the calendar was within hours of turning from July to August, Bloomberg reports.
Gold futures hover as FOMC convenes
Gold futures on Tuesday were slipping on Tuesday as the U.S. dollar moderately solidified, according to Reuters.
Loonie drops value against dollar
The Canadian dollar slumped on Thursday as a consequence of the nation’s top banker sating one day prior that the institution he spearheads is likely to preserve borrowing costs’ rate as is in anticipation of increased growth in the globe’s 11th-largest economy, Bloomberg reports.
Gold futures’ losses curbed by Bernanke testimony
Gold futures
Crude oil futures hinge on Fed chief testimony
West Texas Intermediate crude oil futures were ebbing and flowing on Wednesday in advance of U.S. Energy Department data that will note the status of supplies in the world’s largest consumer of the energy commodity, Bloomberg reports.
Aussie climbs to two week high
Remarks by the top banker in the U.S. about intentions to continue monetary stimulus measures prompted the Australian dollar to climb to its top value in two weeks on Thursday, according to Bloomberg.
Won benefits from Fed chair commentary
The South Korean won notched its biggest gains in 18 months against the world’s reserve currency in the aftermath of chairman Ben Bernanke with the U.S. Federal Reserve saying during a speaking engagement that the economy the central bank supports still needs monetary stimulus measures, Bloomberg reports.
Copper futures climb from week lows
Copper futures on Wednesday were climbing, emboldened by a U.S. dollar that slightly slipped in value and economic data about the base metal’s top consumer, according to Reuters.