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Gold falls 2 pct as Goldman sparks liquidation fear
Gold dropped to a 10-day low on Friday, losing 2 percent as investors cashed in long positions after U.S. regulators charged investment bank Goldman Sachs, a leading and commodities player, with fraud.
3 votes
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Pound falls against dollar and euro
The pound fell against the dollar and the euro following last night’s televised debate between the leaders of the Labour, Conservative and Liberal Democrat parties. Exit polls and media pundits generally said that Liberal Democrat leader Nick Cle
3 votes
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Gold futures drop as dollar rises vs. rivals
Gold futures dropped on Thursday, as the U.S. dollar's strength damped the appeal of the precious metal as an alternative investment.
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Gold hits 4-month high on euro jump
Spot gold prices rose to their highest in four months on a jump in the euro and investment demand, while platinum and palladium hit multi-month highs on expectations of strengthening industrial demand as the economy recovers.
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Europe Offers Greece $61Bln Loan
European governments on Sunday offered debt-laden Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end Greece's fiscal crisis and restore confidence in the euro.
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The EUR / USD finally reverses downtrend
After several days invicta, the U.S. dollar finally fell into place and appear to reverse its course. Against the euro, the dollar after reaching highs in the area of the 1.3280 , the pair fell into the 1.3355 at the end of the day yesterda
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Gold likely to stay bullish on demand as safe asset
old is expected to continue the upward movement and will stay above $1,160 per ounce, according to technical analysts. Adam Hewison, President of MarketClub.com, said gold must increase above the $1,160 area or risk retreating. Rallies in the pas
35 votes
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Bank of Ireland and EBS to raise mortgage rates
TWO MAJOR Irish mortgage providers are set to increase their interest rates over the coming weeks, only a day after the European Central Bank said it would keep interest rates at a record low.
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Japan push to beat deflation
Japanese Prime Minister Yukio Hatoyama and Bank of Japan (BoJ) governor Masaaki Shirakawa discussed the need to step up efforts to beat deflation and agreed to meet every three months to keep tabs on the economy.
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Oil falls for second day on strong dollar
Oil declined for a second day yesterday towards $85 (Dh311) a barrel, pressured by a stronger dollar and a rise in US crude stockpiles to their highest level in nearly 10 months.
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EUR/GBP Easier On The Day
EUR/GBP is presently down at session low .8738 from early .8755. Well that’s where it was when I parked by bum down nearly 6 hours ago.
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USD rises vs. European currencies on Greek woes
The dollar rose as renewed jitters over Greece's debt crisis and the prospect of a faltering recovery in Europe drove investors to safer havens such as the U.S. currency and the Japanese yen.


