Wednesday saw the common currency of the European Union hover about even against the U.S. dollar as central banks convene meetings, according to Reuters. The central banks of the U.S. and Europe are meeting on Wednesday and Thursday, respectively. The Federal Open Market Committee, the policy making arm of the U.S. Federal Reserve, is unlikely… Read more.
Gold's epic climb toward the $2,000 psychological barrier is receiving assistance from an uncommon source: another safe-haven for assets. Reuters reports the Swiss franc, a favored hedge of assets during rocky economic times, was subject to monetary easing earlier this month to reduce its strength. This month also has seen gold futures skyrocket in value,… Read more.
New technology like social media can be a benefit to your trading and investing.In the days before the Internet, traders would spend hundreds if not thousands of dollars on Squawk Boxes and real time market information.Now you can get the same information on the internet and mobile phone applications like Twitter for little or no… Read more.
The reduced credit rating of the globe's sole superpower did its part to push down crude oil futures, Bloomberg reports. Fears are spreading that the U.S., also the world's largest consumer of crude, will cut down on demand for oil as the globe's economic recovery from the recession confronts a rough patch. Political negotiations in… Read more.
Raw sugar futures dropped in value Thursday, pushed to their lowest prices in almost four weeks by concerns about a slowdown in the global economic recovery, Reuters reports. Like additional commodities, sugar also exposed a weakness amid adaptations and adjustments following a week that saw lawmakers in the U.S. negotiate an increase to the nation's… Read more.
Gold futures are heading toward record highs on Thursday, pushed by speculation about the central bank of the U.S. considering additional measures to spur an economic recovery that is slowing down, Bloomberg reports. Following the turmoil prompted by the debt ceiling increase debacle in Washington, Swiss and Japanese government officials took measures to reduce the… Read more.
Worries about debt on both sides of the Atlantic Ocean pushed gold to record highs on Wednesday, according to Bloomberg. Presently at $1,675.90 per troy ounce, the record price for the yellowish metal was partially driven by troubles with the globe's largest economy. U.S. President Barack Obama signed into law the debt ceiling increase and… Read more.
Gold futures were edging higher on Tuesday, propelled by news about the central bank of South Korea purchasing 25 tons of the yellowish metal, Reuters reports. The nation's holdings now stand at 39.4 tons as augmented by the most recent acquisition, which occurred during June and July. This purchase is South Korea's first purchase of… Read more.
The growth of manufacturing in the U.S. has notched its slowest advancement in 24 months, pushing down crude oil futures, Bloomberg reports. The price of the energy commodity had risen after President Obama announced the U.S. will avoid a default on its debt since congressional leaders were poised to vote to approve a plan to… Read more.
Gold futures slipped from record high values following remarks from the U.S. president stating he, fellow Democrats and Republican leaders in Washington have a pact pending that will prevent a debt default, Bloomberg reports. Demand for the precious metal, which notched a record high of $1,637.50 per troy ounce on Friday, waned after President Barack… Read more.