Posts Tagged ‘dollar’

Gold fell 2 percent to a three-month low on Wednesday, as the dollar rallied against the euro on more jitters about European debt, while losses in U.S. equity and commodity markets triggered a technical sell-off of the precious metal. Full story

The latest moves towards trade in Chinese yuan sounds the early death knell of the dollar as the world's global reserve currency with gold likely to return to the monetary system as a result. Full story

Dec. 27 (Bloomberg) -- Gold fell, declining to the lowest level in a week, on concern that Europes debt crisis may escalate, boosting the dollar and damping demand for commodities. Cash gold dropped as much 0.8 percent to $1,594.95 an ounce, the lowest... Full story

The price of gold traded firmer in London on Friday, as strong data out of the U.S. Full story

While many headlines are focusing on the fall in the gold price, it is worth bearing in mind that the precious metal is strongly correlated to the dollar Full story

Gold prices fell to a one-month low on Friday to $1,719.29 a troy ounce, having earlier traded as low as $1,715.94, hit by a sell-off in the commodities complex as the dollar pared earlier falls. Gold prices fell to a one-month low on Friday, hit by a Full story

Gold gained in New York as concern that the European debt crisis is escalating and the dollar’s drop spurred demand for the metal as an alternative asset. German Chancellor Angela Merkel said she won’t let Greece go into “uncontrolled Full story

Bullion slipped from a record $1,921.15 an ounce yesterday as the dollar rose to the highest level since July 13 against six major currencies after the Swiss central bank set a ceiling on the francs exchange rate. European stocks rose today, rebounding Full story

} NEW YORK, Aug. 31 (UPI) -- Gold prices held steady in New York Wednesday as stocks made modest gains and the dollar index rose 0.23 percent. After gaining $44 Tuesday, gold shed $2.30 Wednesday, settling at $1,827.90 per troy ounce on the Comex Full story

Gold may slump as much as 30 per cent from a record as the dollar "outperforms" its counterparts, damping demand for bullion as an alternative currency, said Stanley Crouch, the chief investment officer of Aegis  Capital. Full story