According to the recent report by the World Gold Council, strong and robust gold mining sector is necessary to maintain healthy global economy, as the gold mining industry was directly responsible for contributing $83.1 billion to the global economy in 2013...
Gold prices were steady near a three-week low touched in the previous session on Thursday, traders were keeping an attentive eye on developments surrounding negotiations between Greece and its international creditors...
On Thursday the euro touched a high of nearly five months against the yen in Asia trade as the single currency reversed the losing course against other currencies following revisions to the eurozone’s inflation forecasts...
Taiwan will launch Chinese yuan forex futures on July 20 - four sources with direct knowledge of the matter said on Wednesday, in the island's latest efforts to become a major offshore yuan market...
China shares are in a bubble but the market has outstripped its fundamentals and is 23 percent overbought, Credit Suisse said. "Margins, profitability and value creation continue declining as productivity growth lags real wage growth and product selling prices are eroded...
According to the two firms, the strategic partnership offers Bitcoin payments to X-Cart’s European customers; this will help X-Cart gain Bitcoin capabilities for its customers...
Gold declined in early U.S. trading, as the yellow metal is once again impacted the U.S. dollar index, which is higher on Wednesday. Market players are now digesting ADP national employment report and trade data from the U.S., as well as ECB President Mario Draghi comments...
On Wednesday the greenback rose against a basket of other major currencies, as investors awaited the release of a series of U.S. economic reports for further indications on the outlook for second quarter growth...
Growth in Britain’s key services sector have slowed, according to fresh data, which spurred concerns about the economy’s ability to bounce back from the weak start to the year...
Gold edged lower on Wednesday despite broadly weaker dollar, as investors awaited the release of important U.S. data later in the global day for fresh signs on the state of the economy and the timing of the Fed rate hike...
On Wednesday the dollar remained broadly lower against the other major currencies as weak U.S. factory data released Tuesday dampened expectations for higher interest rates...
US DOLLAR TECHNICAL ANALYSIS Prices resumed its advance, touching the highest level in six weeks. Near-term resistance is at 12037, the 76.4% Fibonacci retracement, with a break above that on a daily closing basis exposing the March 13 high at 12149...
On Wednesday the Australian dollar was higher as the country's GDP rose more than expected in the first three months of the year...
1. Tangibility Only when you have actual metal in your possession do you have a hard asset that is free of counter-party risk. 2. Frugality During a financial crisis, the melt value of your coins may be all that matters...
The greenback hit session lows against the euro and the yen on Tuesday after data indicated U.S. factory orders fell for the sixth straight month in April...
On Tuesday Wall Street opened lower as investors were nervous about the outcome of the Greece talks and continued volatility in currency markets...
Gold edged higher in early U.S. trading Tuesday, rebounding from recent selling pressure, as the U.S. dollar index was solidly lower today - which is working in favor of the precious metals and the raw commodity sector...
On Tuesday the greenback edged lower vs rivals, as investors locked in profit-taking from the dollar's recent rally caused by a series of recent positive data and mounting expectations for a U.S. rate hike later in the year...
Oil prices were boosted on Tuesday as dollar retreated from highs and after the comments by Saudi oil minister Ali al-Naimi. Meanwhile, traders awaited a key meeting of the Organization of the Petroleum Exporting Countries on Friday...