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Gold Fell Back Towards 5 year Lows As Investors pull Away

by Forex Rooton July 22, 2015 11:29 am BST
Spot gold was down 0.5 percent at $1,095.69 an ounce at 0940 GMT, while U.S. gold futures for August delivery were down $8.70 an ounce at $1,094.80. On Monday, gold slid to its lowest since March 2009 at $1,088.05 an ounce. Gold slides towards five-year low as investors pull back from the precious metal, with […]

Unexpected Rise In US Crude Brings Oil Prices Down

by Forex Rooton July 22, 2015 11:19 am BST
Oil prices fell Today after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma hub rose 2.3 million barrels last week, compared with […]

Yen Jumbs After Election

by Forex Rooton December 15, 2014 6:20 am BST
The Japanese currency has tumbled about 30 percent in the past two years as Abe implemented fiscal spending and structural reforms and the Bank of Japan applied unprecedented monetary stimulus to battle deflation. Abe’s ruling Liberal Democratic Party and its coalition partner gained more than two-thirds of the 475 seats in the lower house, winning […]

Yen Falls to Six-Year Low on BOJ Easing

by Forex Rooton October 31, 2014 9:10 am BST
The yen weakened beyond 111 per dollar for the first time in more than six years after the Bank of Japan unexpectedly increased monetary stimulus. Japan’s currency slumped as much as 2.1 percent, the most since the central bank first expanded stimulus in April 2013. The BOJ said it would expand the monetary base by […]