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Gold prices move higher as dollar rally pauses

Gold prices are trading higher on Tuesday after moving higher from Friday’s low of $1,419 when the stronger dollar weighed on the commodity. The two assets tend to have an inverse price relationship. As the dollar took a pause today after a strong four-day rally, investors took the opportunity to buy the cheaper gold, giving it a lift to $1,445 in late Asian session trading...

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May 14, 2013 @ 8:09 am

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Copper prices rise on strong China trade data

Copper prices rose on Wednesday after being boosted by positive trade data out of China today. China posted a trade surplus of $18.6 billion in April, boosted by a rise in both exports and imports, giving signs that economic growth may be picking up in the second largest global economy. China is the world’s largest copper consumer, accounting for almost 40 percent of world consumption...

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May 8, 2013 @ 10:00 am

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Gold climbs higher after ECB cuts rates

Gold made over $20 in gains after being boosted on Thursday on news that the European Central Bank continues with stimulus measures and cut the main interest rate to 0.50 percent from 0.25 percent. Gold for June delivery has recovered quite a bit of recent losses and climbed to a high of $1,478 by early European session trading on Friday, up over $21, or 1.5 percent. It had posted a decline of...

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May 3, 2013 @ 7:58 am

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Gold prices recover some losses

Gold prices benefitted from a weaker dollar and rebounded on Monday to recover some losses from Friday’s sharp drop. If gold is priced in USD, a weaker dollar makes it cheaper for holders of other currencies to buy gold. The two assets thus usually have an inverse price relationship. On Friday, US GDP came in much lower than expected, at 2.5 percent versus 3 percent forecast, and is this...

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April 29, 2013 @ 1:04 pm

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