According to HSBC analysts, demand from emerging markets is changing the nature of the bullion market. Until recently, investment demand was the primary driver of gold, but emerging-market demand, which is price-sensitive, has become an increasingly important stimulus of gold prices...
US DOLLAR TECHNICAL ANALYSIS – Prices paused to digest losses after sliding to the weakest level in three weeks. Near-term support is at 11834-9 area (May 20 close, 50% Fibonacci retracement), with a break below that on a daily closing basis exposing the 61.8% level at 11790...
On Wednesday the greenback edged lower against its rivals, as markets were nervous ahead of the Federal Reserve's policy statement, though analysts do not predict major changes. However, markets await cues on the timing of the rate hike. Interest rates in the U.S...
On Wednesday stocks in Hong Kong recovered ahead of the conclusion of a U.S. Federal Reserve meeting later in the day. Shares in China gained back some of the ground lost on first two trading days of the week...
On Wednesday the pound surged to one-month highs against the dollar after the release of positive U.K. data which boosted the outlook for the economic recovery...
West Texas Intermediate oil futures edged higher on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell at a faster pace than expected last week...
The Australian dollar dropped against its U.S. counterpart on Wednesday, as the greenback found broad support ahead of the Federal Reserve's monthly policy statement due later in the day...
In a press release, the London based Bitcoin advertising network BitMedia.IO says that it has received $100 000 investment from the CEO of BitMedia.IO and a private angel investor. The company was co-founded by former executive officer of CEX...
The precious metals are are basically stuck within a trading range. Gold remains between $1170 and $1200 while silver is respecting its trading range of $15.80 to $16.25...
Greece does not need to get out of the Euro? BRUSSELS — a number of European officials responded to Greece's debt talks deadlock by considering things previously considered impossible: let Greece wearing the euro, though the country was declared a default alias defaulted...
The country’s Capital Markets Authority finalized the rules for direct foreign investment in early May, although plans had been in the works for quite some time...
On Tuesday gold prices remained weaker, after data showed that the number of building permits issued in the U.S. surged in May, while housing starts dropped, giving a mixed impression of the U.S. housing sector...
Mitsubishi’s precious metals strategist Jonathan Butler is being interviewed by Kitco News at the 39th annual International Precious Metals Institute conference. He says a rising interest rate environment may not necessarily be bad for precious metals...
On Tuesday the euro touched the session's lows amid uncertainties surrounding the Greek debt crisis. Investors await the FOMC meeting on Wednesday for cues on the rate hike timing...
The pound dropped on Tuesday despite data showing that the U.K. exited deflation last month. Investors were concerned over Greece uncertainties and the upcoming Federal Reserve policy statement...
Oil prices Fell in the middle of negotiations with Greece's debt World oil prices fell amid news "bearish" about the United States and the failure of industrial production in Greece's debt negotiations. Reported by Reuters, Wednesday (16/6/2015), worries that u.s...
“In making those comments I was neither trying to assess the nominal exchange rate (of the yen) nor forecast its future movement,” Kuroda said today during a session of the upper house financial affairs committee in an attempt to clarify controversial remarks he had made last week about the local...
Horizons: Markets Are Jittery as Fed Gears Up to Increase Rates (WSJ) but see Don’t Fear Fed’s Rates ‘Liftoff’ (WSJ) Billionaire Bunkers: Exclusive Look Inside the World’s Largest Planned Doomsday Escape (Forbes) All the Clean-Energy Successes That Came Out of the Program Mostly Known for the Sol...
"EUR came off at the start of the new week after the talks between Greece and its creditors in Brussels were abandoned after only 45 minutes yesterday...
