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As the latest data from the London Bullion Market Association (LBMA) showed, trading activity tumbled in April despite higher prices...
Although Greece's Interior Minister Nikos Voutsis said on Sunday that Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money, senior German official said there was no reason to believe Greece would be in default after the payment to the...
Last week speculators increased their exposure to gold last week, says the data from the Commodity Futures Trading Commission (CFTC...
“The substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued,” said the IMF mission to China, which is led by its deputy director of Asia and Pacific Markus Rodlauer...
On Tuesday gold prices plunged below the $1,200-level, as the appeal of the precious metal was undermined by a stronger dollar...
On Tuesday the dollar extended gains against its peers, rising to eight-year highs against the yen boosted by expectations for higher U.S. interest rates later this year. Meanwhile, the euro was under heavy selling pressure, as Greek fears continued to linger...
While Monday marked a quiet start of the trading week, with the biggest European markets closed for the bank holiday, the rest of it is expected to be more active...
Shares of European banks have risen 28 percent since a January trough, but they’re still trading at a discount to their two-year average, making the industry among the cheapest and the most attractive in the region, says Bloomberg...
On Monday crude oil futures rose slightly as firm global demand offset a strong dollar, but a public holiday in the United States and much of Europe kept trading subdued...
In their uneven economic rise, African economies will gather momentum in 2015 and next year, three prominent organizations said in a joint report released Monday. Challenges persist, though...