Tuesday saw the common currency of the European Union slip after investor outlook did not increase as much as forecast in Germany, the host of the 17-nation bloc's largest economy, Reuters reports. But losses for the euro were curbed by economic data noting regional industrial generation was greater-than-projected. ZEW think tank in Germany released poll… Read more.
The world's reserve currency lost value on Monday against the common currency of the EU as the U.S. prepares to release economic data about last month's personal spending, Bloomberg reports. Early during the first trade session of the week the Dollar Index slumped, marking the third-straight day of downward dive. On Tuesday, the U.S. Federal… Read more.
The shared currency of the European Union slipped against the U.S. dollar on Wednesday as the largest economy in the 17-nation bloc is set to release data noting business confidence is waning, according to Bloomberg. Published by the Ifo Institute in Germany, the business climate index is forecast to plunge to 106.2 in April after… Read more.
Thursday saw the common currency of the European Union moderately gain against the world's reserve currency as the central bank of the 17-nation bloc was forecast to be on the precipice of implementing additional monetary stimulus, Reuters reports. Gains during the Thursday trade session come one day after the euro endured its sharpest one-day losses… Read more.
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.
Monday saw the common currency of the European Union slip against most of its top rival monetary units, resuming its downward trend on the first day of the second quarter of the year, according to Bloomberg. The region is set to release economic data on Monday regarding employment numbers from last month. Policy makers with… 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.
Tumult in the euro zone helped push gold futures above the psychological threshold of $1,600 per troy ounce on Wednesday, according to Reuters. The beleaguered region, on top of freshly awarding Cyprus emergency bailout aid as the latest victim of the sovereign debt scourge, is seeing economic data point to March being the first month… Read more.
Thursday saw the shared currency of the European Union notch its top gains since early January after European Central Bank president Mario Draghi said the regional economy is forecast to stabilize this year, Bloomberg reports. After the ECB adjourned its meeting, where policy makers kept interest rates at 0.75 percent, the ECB chief remarked on… Read more.
Gold prices have been rising, sometimes in fits and starts, for the past 12 years, in what many have dubbed a commodity super cycle. Now Reuters reports that financial giant Goldman Sachs believes the cycle has come to an end and gold could be set for a decline in the coming year. Goldman's estimates mark… Read more.