September 8, 2014 7:42 am
Gold futures were slightly higher during early trade in Europe today, despite the dollar hovering near a 14-month peak. Investors eye an upcoming EU decision on whether to impose further and tougher sanctions against Russia over its role in destabilizing Ukraine, keeping the precious metal supported. Gold futures for December delivery on the Comex in […]
Read moreSeptember 7, 2014 6:50 am
Britain’s leading equity index closed the week for a sizable gain, despite logging a drop on Friday, as confidence in a speedy EU recovery and growth in the UK and US led investors to more stocks. FTSE 100 was down 0.33% to close at 6 855.10 points on Friday, logging only the second daily drop […]
Read moreSeptember 6, 2014 9:39 am
Gold futures logged significant losses this week, as a stronger dollar and speculation of peace in Ukraine weighed on the precious metal. The ECB surprisingly lowered the central interest rate, spurring a sizable drop for the euro, strengthening the dollar, while US gauges were reported largely on the growth track. Gold futures for delivery in […]
Read moreSeptember 5, 2014 1:16 pm
Gold and silver futures edged higher during midday trade in Europe today, as US payrolls logged far below expectations. Meanwhile, Kiev and pro-Russian rebels signed a preliminary ceasefire protocol at peace talks in Minsk today, signifying a key moment in the conflict. Meanwhile, copper futures dropped as fewer new payrolls pressured base metals outlooks. Gold […]
Read moreSeptember 5, 2014 11:41 am
Daimler AG, the third-biggest luxury cars manufacturer in the world, reported a significant rise in monthly sales of its premium Mercedes-Benz brand, keeping on track to log a record sales figure this year. The Stuttgart-based manufacturer reported an increase of 9.7% on an annual basis in worldwide sales to 118 887 in August, also logging […]
Read moreSeptember 5, 2014 8:42 am
BP Plc shares plummeted late on Thursday, after a US judge ruled that the company was found guilty of “gross negligence and willful misconduct” over the 2010 Deepwater Horizon oil spill, the worst offshore spill in the US. US District Judge Carl Barbier, who called BPs conduct “reckless”, has yet to rule on how much […]
Read moreSeptember 5, 2014 6:52 am
Gold futures were on the losing side during early trade in Europe today, as investors eye upcoming US employment data, seeking to further reinforce speculation of a rate hike, supporting the dollar. The ECB decision to lower lending rate to 0.05% weighed on the euro, further supporting the greenback. Meanwhile, developments over the crisis in […]
Read moreSeptember 4, 2014 3:07 pm
WTI and Brent futures were little changed at lower levels after the US reported largely expected crude oil inventory draws. Meanwhile, natural gas futures slid under pressure from a larger-than-expected build at natgas storage hubs in the US. On the New York Mercantile Exchange, WTI for settlement in October was down 0.64% to $94.93 per […]
Read moreSeptember 4, 2014 2:18 pm
Sony Corp, maker of the PlayStation, is to officially present the next lineup in its mobile devices division, set to deepen cross platform integration, as the new handhelds are designed to connect to the PlayStation 4. The company announced on its website that at the IFA consumer electronics show in Berlin, Germany, scheduled to start […]
Read moreSeptember 4, 2014 1:07 pm
Gold and silver futures were only slightly impacted by the major decision by the ECB to lower the central lending rate to a historic low of 0.05%. Meanwhile, copper futures gained as the ECB was seen supporting the real EU economy. Gold futures for December delivery on the Comex in New York traded at $1 […]
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