LATEST NEWS:Gold Rises as Rally in Crude Oil Spurs Investor Demand for Metal

Gold climbed as higher energy prices damped concern that inflation will remain low and revived demand for the precious metal as a store of value. Crude futures in New York advanced for the second time in three days. The correlation between gold and oil rose close to 0.4 today, the strongest link since July 2013. […]

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LATEST NEWS : Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns

Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. continue reading at bloomberg.com

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LATEST NEWS : Gold Set for Weekly Gain on Haven Demand Amid Iraq Tumult

Gold futures capped a second straight weekly gain as escalating violence in Iraq boosted demand for the precious metal as a haven. Silver posted the longest rally in almost four months. Crude oil jumped to the highest in more than eight months on concern that a civil war looms in Iraq, OPEC’s second-biggest producer. Gold gained 6 […]

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Yuan Gains for Sixth Day as Central Bank Sets Record Fixing

China’s yuan advanced for a sixth day, the longest winning streak since May, after the central bank strengthened the currency’s reference rate to a record. The government called for “unrelenting” implementation of its economic policies and reforms to consolidate the nation’s recovery from a slowdown, according to a State Council statement released over the weekend. Asia’s largest […]

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Gold Rises, Snaps Longest Slump in 11 Weeks, on Dollar

“Gold futures rose, snapping the longest slump in 11 weeks, as the dollar’s decline increased demand for the metal as an alternative investment. The Bloomberg Dollar Index slid 0.3 percent, heading for the longest slide in seven weeks against a basket of 10 currencies. Gold has tumbled 23 percent this year, while the greenback gauge has climbed […]

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