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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Gold: Yellow metal retreated as safe haven demand dropped, trading higher this morning
On Friday, Gold prices traded lower by 0.46% against the USD, at 1608.58 per ounce, as demand for the safe haven metal decreased following news that Greece may raise the stakes it owns in Cypriot banks to ease the … Continue reading
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Gold: Yellow metal higher on Cyprus debt fears, trading lower this morning
Gold prices traded higher by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1615.95 per ounce, on safe-haven buying after the European Union indicated that it would cut off liquidity to Cypriot banks, raising concerns … Continue reading
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Gold: Yellow metal trading tad higher this morning
Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1606.57 per ounce, snapping its four-day winning streak, despite news that the Federal Reserve would keep interest rates at ultra-low levels. In … Continue reading
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Gold: Precious metal gained after Cyprus rejected deposit tax; trading tad lower this morning
Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1613.01 per ounce, on renewed flight-to-safety investment after the Cyprus’ Parliament rejected the controversial bank deposit levy plan set forth by the … Continue reading
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Gold: Gold rose on safe-haven buying
Gold prices traded higher by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1606.02 per ounce, surpassing the important $1,600 level as investors sought refuge in the safe-haven metal amid concerns over a controversial bailout … Continue reading
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Gold: Bizarre Cyprus bailout deal pushes Yellow metal higher
On Friday Gold prices traded marginally higher against the USD in the period ending 21:00GMT, at 1591.95 per ounce. In the Asian session, at GMT0400, Gold is trading at 1598.27, 0.40% higher from Friday’s close, as unusual bailout deal … Continue reading
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Gold: Gold trading tad higher in the Asian session
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1590.75 per ounce. Earlier, gold prices were pressured after upbeat US labour market data added to evidence of an economic recovery, making safe-haven … Continue reading
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Gold: Yellow metal loses shine amid a strong dollar
Gold prices traded lower by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1589.29 per ounce, as the dollar strengthened following upbeat US retail sales figures. In the Asian session, at GMT0400, Gold is trading … Continue reading
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Gold: Yellow metal rose following ECB policymaker comments
Gold prices traded higher by 0.65% against the USD in the 24 hour period ending 23:00GMT, at 1592.80 per ounce, as demand prospects for the yellow metal increased after the European Central Bank (ECB) policymaker, Jens Weidmann indicated that … Continue reading
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Gold: Yellow metal moving northwards in the Asian session
Gold prices traded higher by 0.23% against the USD in the 24 hour period ending 23:00GMT, at 1582.46 per ounce. In the Asian session, at GMT0400, Gold is trading at 1584.04, 0.10% higher from yesterday’s close. Gold is expected … Continue reading
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Gold: Yellow metal trading higher in the Asian session
On Friday, Gold prices traded marginally higher against the USD, at 1578.80 per ounce. Gains in the yellow metal were limited as the US Dollar rose, after the US jobs data outperformed market expectations. In the Asian session, at … Continue reading
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