The gold market should be in demand as a hard currency, but it simply has been pressured by the allocations from investors spreading into the Stock Indexes and many other products. The strength of the US Dollar puts pressure on the gold market while the tapering of the quantitative easing should increase the strength of… Read more.
Anticipation about two days of policy meetings of the central bank of the globe’s largest economy pushed up copper futures on Monday, according to Bloomberg.
The South Korean won marked its biggest gains in roughly two months on Friday against the U.S. dollar, following the upward drive of Asian equities that were propelled by better than forecast retail sales data in the U.S., Bloomberg reports.
Gold futures on Thursday were performing erratically on commodity markets, swayed by losses to the U.S. dollar and an increased growth estimate for the globe’s largest economy issued by the World Bank, according to Bloomberg.
The U.S. dollar on Wednesday lost value in advance of economic data that is projected to indicate how the U.S. Federal Reserve will move forward with its economy-spurring monetary easing policies, Bloomberg reports.
The monetary unit of Australia advanced on Monday on foreign exchange markets amid economic data noting China’s economic hiccups appear to be slowing, according to Bloomberg.
The shared currency of the European Union slipped from its highest value in three weeks against the world’s reserve currency as a consequence of Germany releasing weak retail sales data, Bloomberg reports.
Weaker-than-anticipated retail sales prompted the Canadian dollar to continue losing value during the Wednesday trade session, Bloomberg reports.
Wednesday saw the English pound lose value against both the common currency of the European Union and the U.S. dollar in the aftermath of official economic noting unexpected drops last month in U.K. retail sales, Bloomberg reports.
The emboldened U.S. dollar pressured gold futures on Tuesday as the precious metal reversed its stronger performance from earlier during the trade session, according to Reuters. The world's reserve currency, which typically performs the inverse of the yellowish metal, was climbing against the shared currency of the European Union as the trading session continued. As… Read more.