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Local gold producers gain from dollar's fall

posted by erzon 734 days ago in USD, Gold made popular 734 days ago

While the US dollar gold price has increased all of 3 per cent in the last 30 days, the local price has put on 15 per cent, or $183 an ounce, to $1413 an ounce.

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Forex trading finding its place in the region

posted by mateo 734 days ago in USD, Daily made popular 734 days ago

Foreign exchange (forex) trading is quickly becoming one of the most popular forms of investment in the Middle East, particularly in the UAE. And not surprisingly so, considering that the forex market has remained, for some years now, the largest

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Oil prices in tentative nosedive, but could rebound

posted by vhinz316 734 days ago in USD, Oil made popular 734 days ago

For over a couple of weeks now, oil prices have been continuously dwindling away on account of the fallout of the Greek financial crisis on European economies, let alone spiraling US oil stock. However, such factors, together with others, are so

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Aussie Dollar's dive makes for a golden moment

posted by Sylvanna 734 days ago in AUD, Gold made popular 734 days ago

THE sharp retreat in the dollar has been working wonders for the local gold price. While the US dollar gold price is up all of 3 per cent in the past 30 days, the local price has put on 15 per cent, or $183 an ounce to $1413 an ounce.

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Local gold producers gain from dollar's fall

posted by goldmint 734 days ago in USD, AUD, Gold made popular 734 days ago

While the US dollar gold price has increased all of 3 per cent in the last 30 days, the local price has put on 15 per cent, or $183 an ounce, to $1413 an ounce.

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Down but not out

posted by Alice 734 days ago in AUD, Fundamental made popular 734 days ago

According to the Sydney Futures Index, the ASX200 will bounce 58 points at the open this morning, continuing Friday's momentum where the market recovered from more than 3 per cent down to close off just 11.1 points or 0.26 per cent.

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Inflation, sales throw rate in doubt

posted by chezka 735 days ago in CAD, Inflation

Higher-than-expected inflation and retail sales have complicated debate over whether the Bank of Canada will raise costs at its June 1 meeting or be persuaded to hold off amid volatility in financial markets.

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Economic tables turn as euro falls against dollar

posted by mateo 735 days ago in USD, EUR made popular 735 days ago

Only a few months ago, Americans were fretting about a weak dollar, adoring the euro and looking for ways to insulate themselves from the greenback's slide.

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Copper, grains up as oil, gold fall

posted by neorix 735 days ago in USD, Oil, Metals made popular 735 days ago

Copper and a number of agricultural markets ended up on Friday as the euro rebounded but commodities remained vulnerable after last week's losses, which were among the year's worst, traders said.

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Obama sets up oil spill panel

posted by vhinz316 735 days ago in USD, Oil made popular 735 days ago

An independent presidential commission has been set up to probe the huge oil spill from a wrecked BP-leased rig in the Gulf of Mexico, US President Barack Obama said yesterday.

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Japan recovering despite deflation

posted by chezka 737 days ago in JPY, GDP made popular 737 days ago

Japan's economy gathered pace in the first three months of the year but missed forecasts, data showed Thursday, illustrating that an accelerating export-driven recovery remains threatened by deflation.

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Oil prices fall to 10-mth lows

posted by fahrell 737 days ago in EUR, Oil, Consumer made popular 737 days ago

OIL prices dived on Thursday to nearly 10-month lows as stock markets slumped on Euro zone debt concerns and surprise worsening jobs data in the United States, the world's biggest energy consumer.

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