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Gold prices tumbled to the lowest level in ten months on Thursday after the Federal Reserve officials on Wednesday raised interest rates for the first time since last December and forecast a more aggressively economic tightening program for 2017. Gold dropped more than 2.3% to hit the level not seen since early February 2016 atRead More
U.K. shares turned higher on Monday thanks to gains in banking stocks that outweighed declines in mining shares. The advance of London-listed banks’ equities was bolstered by upbeat sentiment from other European counterparts, after Italy’s largest bank by assets, UniCredit SpA UCG said on Tuesday it planned to cut jobs further and sell its assetsRead More
Copper futures opened higher on Monday, jumping by nearly 1.2% compared to the last close before paring some gains to trade around 1.26670. The rally in early Asian trading hours was spurred by last week’s strong Chinese economic figures and latest market outlook by Goldman Sachs which pointed to a more “bullish” environment for theRead More
U.S. stock market closed higher on Friday, after having set a string of record highs since the victory of the President-elect Donald Trump who pledged to bolster the world’s largest economy by increasing infrastructure spending, lowering taxes and loosening regulations. At the close in NYSE on Friday, the Dow Jones Industrial Average gained 0.72% toRead More
Natural gas futures turned higher on Monday after finishing lower last Friday. Following a correction as previous longs decided to book profits, the commodity prices, which is expected to be fueled by upcoming favorable weather, may extend their gains after a spectacular rally since November 9. According to naturalgas.com, “a polar blast will invade theRead More
The U.S. dollar fell broadly in the second-half of last week after hitting a 13-1/2 year high on Wednesday. The dollar index closed the week lower following consistent gains in the last three weeks. The gauge that measures the greenback against a half-dozen rivals lost 0.28% to 100.68 on Friday, contributing to a weekly lossRead More