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Dollar gains for a 10th session – Greenback extends longest rally since 2008
A lack of resolution in Greece’s political leadership and worries about Spain’s banks continued to weigh on the euro. The ICE dollar index DXY +0.12% , which measures the U.S….
Gold Remains Soft Within Range, But Germany Opens the Door to a Policy Response
by Peter A. Grant May 11, AM Gold extended to new 4-month lows in overseas trading on Friday, as risk aversion associated with last weekend’s elections in Europe persists. As…
PRECIOUS-Gold inches up; sentiment frail as Europe woes persist
* Euro zone governments agree on 5.2 bln euros bailout payment * Spot silver oversold, RSI at seven-month low below 29 * Shanghai silver futures debut with lower prices, high…
Gold Miner ETFs Bounce on Heavy Volume
Gold miner ETFs saw a big turnaround Wednesday on heavy volume, raising hopes the long-suffering sector has finally hit bottom. Market Vectors Gold Miners (NYSEArca: GDX) rallied 3.1% in afternoon…
US Dollar At Severe Risk of Euro- and Sentiment-Borne Volatility
Fundamental Forecast for the US Dollar: Neutral Fed members discuss growth outlook, 2014 commitment, QE3 potential Euro fundamental issues more prominent than risk trends, but both a concern for the…
Canadian Currency Reaches Four-Month High Amid Increased Demand for Risk
Canada’s dollar strengthened to the highest level since October against its U.S. counterpart as increased demand for higher-yielding assets bolstered stocks and currencies of some commodity-exporting nations. The Canadian currency…
Why China’s Buying Gold.
FOR OVER three decades, since the start of the country’s “Reform Era” in 1978, China has been exporting more goods than it has imported, writes Porter Stansberry in the Daily…
Why buy gold?
‘Why buy gold?’ is a question often asked by potential gold bullion collectors. As we know, gold has been steadily rising since last year and has recently experienced a fall…
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