March 3, 2014 9:32 am
Gold surged to the strongest level in more than four months after the Russian Federation seized control of the Crimea region, spurring tensions in Ukraine and fueling demand for haven assets. Also fanning positive sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose 0.4% in February, capping the first monthly increase since […]
Read moreMarch 2, 2014 7:46 am
The euro capped the biggest monthly gain since April, after data showed the inflation rate in the euro zone accelerated at a faster-than-expected pace in February, relieving concerns ECB may ease monetary policy at its meeting next week. EUR/USD touched a two-month high at 1.3824 at 20:00 GMT, after which the pair settled at 1.3802 […]
Read moreMarch 1, 2014 9:23 am
Gold fell for the second time in three days on Friday, as global equities advanced to the strongest level in more than six years, curbing demand for the yellow metal as an alternative investment. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose 0.4% in February, capping the first monthly increase since […]
Read moreFebruary 28, 2014 2:19 pm
Grain futures advanced on Friday, wheat headed for the largest monthly increase since July as the recent adverse weather conditions in the US, the biggest global exporter, were seen harming crops. On the Chicago Board of Trade, wheat futures for settlement in May added 0.94% to trade at $5.9513 per bushel by 13:43 GMT. Prices […]
Read moreFebruary 28, 2014 12:59 pm
The euro advanced to the strongest level in two months against the US dollar, after data showed the inflation rate in the euro zone accelerated at a faster-than-expected pace in February, relieving concerns that ECB may ease monetary policy at its meeting next week in order to stimulate the economy. EUR/USD hit a session high […]
Read moreFebruary 28, 2014 10:53 am
Natural gas declined a fifth day and headed for the largest weekly drop since 1996, after a government report revealed US gas inventories fell less than analysts estimated in the week ended February 21st. Prices of gas futures were also pressured by long-term weather forecasting models, which called for a warm-up in the US during […]
Read moreFebruary 28, 2014 10:01 am
The Japanese yen advanced to the strongest level in almost two weeks against the US dollar as rising tension in Ukraine and the complicated geopolitical situation on the Crimea peninsula, boosted demand for the Japanese currency as a safe-haven. The yen was also supported after data showed the nations inflation rate accelerated to a 5-year […]
Read moreFebruary 28, 2014 9:10 am
The pound advanced against the US dollar to the strongest level in almost two weeks, after official data showed UK home values increased in February for a 14th straight month, adding to evidence the UK economy is gaining traction. GBP/USD hit a session high at 1.6744 at 07:45 GMT, after which consolidation followed at 1.6734, […]
Read moreFebruary 28, 2014 8:14 am
Gold fell on Friday, but was set for the first back-to-back monthly increase since the two months through August after weaker-than-expected US data and a rout in emerging markets, boosted demand for the yellow metal as a store of value. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were poised for the first […]
Read moreFebruary 27, 2014 3:06 pm
The loonie, as the Canadian dollar is best known, snapped two days of advances against its US counterpart, following a report that revealed durable goods orders in the US declined less than forecast last month, an evidence US manufacturing was starting to recover after the recent severe winter conditions. USD/CAD touched a session high at […]
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