Look for gold to possibly come under pressure early next week, with the prices likely to remain well supported heading into February. -MB DailyFX provides forex news on the economic reports and political events that influence the currency market.See all stories on this topic ยป
Gold On Pace for Strongest Month Since August Ahead of Fed Testimony
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Dollar loses ground as the fear of early Fed rate hikes recedes
10 US banks given the go ahead to start paying off the TARP money. US Wholesale inventories fall 1.4% in April to reach their lowest level since September 2007 US Wholesale sales fall 0.4% in April to reach their lowest level since November 2005 US IBD Economic optimism rises to 50.8 in June from...
Global miner BHP take a 58% price cut in coal
BHP Billiton has agreed to a 58% price cut for the coal it sells to major steel makers. This is pretty much in line with the expected cut of 60% analysts had forecast. The deal signals a looming price cut in other main steel making ingredient, Iron ore. The 58% cut in price equates to a benchmark...
Risk sentiment helped by reports 10 US banks to repay TARP
Reports that the US Treasury is preparing to announce today that it will let 10 US banks buy back government shares is helping boost risk appetite, which is benefitting likes of euro, sterling, aussie and canadian...
Philippines Central Bank Keeps Policy Rate at 4.50%
The Bangko Sentral ng Pilipinas kept its overnight borrowing rate unchanged at 4.50% and the overnight lending rate at 6.50%, and...
India's forex reserves jumps to $ 262.306 billion :: Samay Live
Read how India's forex reserves jumps to $ 262.306 billion on Samay Live. SamayLive.Com - Business -...