Posts Tagged ‘the-dollar’

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

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

Worries that Europe's debt crisis could drag down the global economy helped drive copper, gold and other commodities lower on Monday. Added pressure came from traders pushing up the dollar against other currencies. "What's being questioned is if Greece Full story

Gold prices fell Monday as traders looking to diversify their safe-haven investments sold precious metals and bought U.S. dollars and dollar-denominated assets 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

slipped for a third day on Tuesday as the dollar rose against other major currencies and investors fretted about demand from the United States and Europe. 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

Gold rose toward its record high on Thursday, supported by worries about the widening euro zone debt crisis and slowing global growth and shrugging off strength in the dollar after Japan's intervention in the currency market. "Gold seems to have wings at Full story