The Swiss franc stooped to its five-week low against the common currency of the European Union on Tuesday as a consequence of euro-region countries agreeing to give additional economic aid to Greece, according to Bloomberg.
The common currency of the European Union pushed ahead on Tuesday against the Japanese yen, prompted higher by intentions to financially support Greece as it aims to remit financial obligations due next month, according to Bloomberg.
The strength of the U.S. dollar pressured gold futures downward on Tuesday as the yellowish metal dove lower than the milestone price of $1,600 per troy ounce, according to Reuters. Piggybacking on gold's slump were silver futures, which plunged to their lowest value since the middle of August of last year. Losses to gold on Tuesday… Read more.
The June Gold is going through a short-term bearish cycle which is unusual with the monetary policies in place by the US, Bank of Japan and the European Central Bank. The Gold is stuck in a range still as it needs to penetrate $1620.00 to gain any traction. Traders and investors alike may be allocating… Read more.
The first day of the final week of the first quarter of 2013 saw the common currency of the European Union lose value against the U.S. dollar as concerns spread about whether the proposed bailout for Cyprus will be strong enough, Bloomberg reports. The monetary unit initially gained in value as the bailout was believed… Read more.
Expectations for a reduced pace of demand this week from the world’s top consumer pulled down copper futures to their lowest price in one month on Monday, according to Bloomberg. Also dragging down the reddish metal on Monday was the re-emergence of sovereign debt crisis concerns the euro zone as the fiscal situations of two… Read more.
Conjecture about reduced demand pulled down gold futures on Monday, dropping to its lowest price in more than 30 days, according to Bloomberg. Asian nations are observing the Lunar New Year and ministers of European Union nations are set to conduct discussions about the trying fiscal situations in Cyprus and Greece. Silver futures also tracked… Read more.
Gold futures tracked the even market performance of the shared currency of the European Union on Friday, according to MarketWatch. One day after both the yellowish metal and the 17-nation monetary unit slipped on the markets, the performance of the two was nothing spectacular. Commentary by President Mario Draghi with the European Central Bank on… Read more.
Monday saw the common currency of the European Union drop to its three-week low as speculation mounted about the European Central Bank cutting interest rates when its policy makers convene this week, Bloomberg reports. A report indicating producer-price inflation slowed more than forecast in the euro region during November prompted the monetary unit to drop… Read more.
Gold futures were slipping on Wednesday, marking the first trade session of losses in four days, according to Bloomberg. Senior broker Kurt Pfafflin with Daniels Trading said debt troubles with Greece "drag on and on and on" even though officials and authorities conduct mass amounts of meetings for the sake of the betterment of the… Read more.