Search Results for: metals
China Watchdog Finds $10 Billion in Fake Currency Trade
September 25th, 2014
China uncovered almost $10 billion in fraudulent currency trade nationwide as part of an investigation begun in April last year, including many irregularities in the port of Qingdao, the country’s currency regulator said today. Companies “faked, forged and illegally ...
Gold Steady Above $1230 with Eyes on Fed
September 16th, 2014
Gold added to small overnight gains on Tuesday as investors adjusted positions ahead of a key Federal Reserve policy meeting but they refrained from placing any big bets, awaiting clues on when the U.S. central bank could raise interest ...
Commodities Continue to Suffer Before Fed Decision
September 15th, 2014
Major commodity markets, many already trading near multi-year lows, could face more pressure should the US Federal Reserve suggest an interest rate rise this week. Precious metals may be the most susceptible, as gold prices in recent days have ...
Gold Around $1230 on Fears of More Hawkish Fed
September 15th, 2014
Gold edged higher on Monday as Asian equities tumbled but the metal continued to struggle near an eight-month low due to weak physical demand and fears the Federal Reserve may signal an early interest rate increase at this week’s ...
Gold Drops Sharply Below $1260 as U.S. Dollar Rallies
September 5th, 2014
Gold prices settled lower on Thursday as brighter prospects for the U.S. economy and the dollar dimmed the metal’s appeal. Bullion got little impetus from the European Central Bank’s dramatic decision to cut three separate interest rates, as well ...
OSB Daily Technical Analysis – Commodities
September 5th, 2014
OSB Daily Technical Analysis for September 5, 2014 Gold attempted to move higher on Thursday but got stuck in its tracks as the dollar strengthened with the correlation being too strong to ignore. Gold is looking weak and likely ...
OSB Daily Technical Analysis – Commodities
September 4th, 2014
OSB Daily Technical Analysis for September 4, 2014 Gold traded in the 1260 area on Wednesday ending the day on a positive note after the previous days large losses. A move above 1275 and back within the recent range ...
Gold at $1275 on Stronger U.S. Dollar
August 26th, 2014
Gold settled near its lowest in two months on Monday, pressured by a stronger U.S. dollar and a rally in global financial markets. U.S. gold futures ended $1.30 lower at $1,278.90 an ounce. Spot gold was down 0.2 percent ...
Gold – $1275 Level Stays True to Form
August 26th, 2014
Gold for Tuesday, August 26, 2014 Over the last week now Gold has been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key ...
Copper in Shanghai Swings Near 4-Week High as Stockpiles Fall
August 25th, 2014
Copper in Shanghai swung between gains and losses near the highest in almost four weeks after stockpiles fell the most since May and before housing data in the U.S., the second-biggest consumer of industrial metals. Stockpiles tracked by the ...
