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Weak dollar lifts gold

The US dollar is underperforming against most of its major peers on Thursday, as investors are taking profits on recent rallies as a result of expectations that the US Federal Reserve will taper its bond purchase program soon. This $85 billion a month program had a weakening effect on the dollar, so any plans to cut back on this type of stimulus will make dollar more favourable...

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May 30, 2013 @ 9:01 am

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Gold extends lower as USD strengthens

Gold prices headed lower on Tuesday, giving up modest gains made against the US dollar yesterday. A broadly stronger US dollar that was driven by a jump in the USDJPY pair as Japan’s Nikkei stabilized led to demand in the precious metal to fall as investors preferred to buy the dollar. Gold traded at $1,392 a troy ounce during European morning hours on the Comex division of the New York...

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May 28, 2013 @ 9:24 am

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Oil prices steady ahead of Fed

Oil prices remain steady and held onto Monday’s gains as the dollar took a pause from its rally ahead of a testimony by Federal Reserve Chairman Ben Bernanke. Investors remained on the sidelines on Tuesday which helped New York-traded oil prices trade in a range between the daily low of $96.75 a barrel and a session high of $97.23 a barrel. On Monday on the New York Mercantile Exchange,...

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May 21, 2013 @ 8:52 am

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Silver falls to lowest since 2010

Precious commodities like gold and silver are back in the spotlight since their sharp declines about a mid-April. Both metals are sending some important signals as to the state of play in the markets at the moment. Since a month ago silver has broken its April low and the weakness has accelerated since the break of this support today, falling to the lowest since September 2010. While gold...

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May 20, 2013 @ 1:34 pm

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