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US Data Sends US Dollar Higher in Forex Trading, Gold Prices Lower
February 4, 2012Greenback in currency trading US economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has fallen to 8.3%, and that the economy added 243,000 jobs in January has boosted demand for the US dollar. The good news out of [...]
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Gold Tries to Rally, Even as US Dollar Gains
January 13, 2012Gold prices slightly higher in commodities trading Normally, gold prices move inversely to the US dollar, but sometimes the two move in tandem if risk aversion is a factor, since both can be considered safe havens. Right now, gold is attempting a rally, moving a little bit higher, toward the $ 1,640 an ounce level. [...]
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Gold Tries to Rally, Even as US Dollar Gains
January 11, 2012Gold prices slightly higher in commodities trading Normally, gold prices move inversely to the US dollar, but sometimes the two move in tandem if risk aversion is a factor, since both can be considered safe havens. Right now, gold is attempting a rally, moving a little bit higher, toward the $1,640 an ounce level. With [...]
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Gold Prices Continue Sliding on Dollar Strength
December 28, 2011Forex trading and commodities Gold prices continue to slide in commodities trading as the US dollar gains strength. Gold prices have dropped below $1,575 today, heading lower for yet another day. As the US dollar gains strength, gold prices are pressured. Recently, gold hasn’t been used so much as a safe haven as it has [...]
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Will Gold Rise Above $2,000 an Ounce in 2012? Or Fall Below $1,500 an Ounce?
December 20, 2011Trading forecast for gold prices Right now, gold prices are just above $ 1,600 an ounce, as investors watch Europe, and process the death of Kim Jong Il. Gold prices have fallen significantly in recent days, and there are some that believe that gold prices still have further to fall. Others, though, believe the opposite [...]
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Will Gold Rise Above $2,000 an Ounce in 2012? Or Fall Below $1,500 an Ounce?
December 19, 2011Trading forecast for gold prices Right now, gold prices are just above $1,600 an ounce, as investors watch Europe, and process the death of Kim Jong Il. Gold prices have fallen significantly in recent days, and there are some that believe that gold prices still have further to fall. Others, though, believe the opposite — [...]
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Gold Prices Ease; Could Gold Deflation Be a Reality in 2012?
December 5, 2011US dollar lower today in forex trading Gold prices are easing a bit this morning on the commodities market. With the situation in Europe looking a little better, there is less need for a safe haven. Indeed, there are some expectations that next year will see some deflation for gold prices. If things improve for [...]
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Aussie Climbs Higher in Forex Trading
October 10, 2011AUD/USD gains in currency trading Aussie is climbing higher in forex trading on the currency market today, gaining as risk appetite continues to make a strong appearance, continuing from last week. AUD/USD is also getting a boost in currency trading from gold prices. Indeed, with gold on the rise, and Aussie a commodity currency connected [...]
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Gold Prices Rise on Safe Haven Demand
October 2, 2011U.S. dollar higher in forex trading on safe haven demand as well Gold prices are rising on safe haven demand, gaining as global economic uncertainty sends the financial markets reeling. Gold is moving in tandem with the U.S. dollar as forex traders look for ways to invest safely. Indeed, the U.S. dollar is up against [...]
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Gold Prices Prepare for Recovery
September 28, 2011U.S. dollar lower in forex trading Gold prices appear to be readying for a recovery today, heading higher and looking for support. With risk appetite returning, and the U.S. dollar lower in forex trading, it might be just the time for gold prices to seize an advantage. Gold is heading back toward the $ 1,660 [...]
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Australian Dollar Builds Strength in Forex Trading
July 27, 2011Aussie gains in currency trading on the FX market The Australian dollar is building strength in forex trading today, gaining as gold prices provide some support, and as other economic data help out. Aussie is seeing success in currency trading today, heading higher against major currencies including the euro, pound and U.S. dollar. The Aussie [...]
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Aussie Falls in Currency Trading, in Spite of Higher Gold Prices
July 19, 2011Australian dollar in forex trading The Australian dollar is lower in forex trading on the currency market today, down even though gold prices have breezed through $ 1,600 an ounce. Normally, higher gold prices would help the Aussie in currency trading. Today, though, things aren’t working that way. Gold is higher because of risk aversion, [...]
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Euro Rallies as Gold Surges
July 13, 2011Euro gains in forex trading The euro is rallying in forex trading on the currency market today, heading higher as gold surges, and as risk appetite improves. Also encouraging the euro recovery in currency trading is news of Chinese growth. Some of the focus on the debt crisis is receding, and that is helping matters [...]
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Euro Lower as Debt Fears Increase
July 7, 2011Euro in forex trading The euro is lower in forex trading on the currency market, thanks to continued fears about debt in Europe — and in other countries. Risk aversion continues to be the story today, meaning that the U.S. dollar is higher along with gold. Indeed, gold prices are rising as investors worry about [...]
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Lower Gold Prices Drag Aussie Down in Currency Trading
June 13, 2011Australian dollar lower in forex trading The Aussie is down in currency trading on the FX market, due in large part to lower gold prices today. With the precious metal sliding along with other commodities (like oil), it is little surprise that the Australian dollar is down in forex trading, given the currency’s reliance on [...]
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Lower Gold Prices Drag Aussie Down in Currency Trading
June 11, 2011Australian dollar lower in forex trading The Aussie is down in currency trading on the FX market, due in large part to lower gold prices today. With the precious metal sliding along with other commodities (like oil), it is little surprise that the Australian dollar is down in forex trading, given the currency’s reliance on [...]
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Forex: AUD/USD bounces off lows as gold soars
May 22, 2011FXstreet.com (Córdoba) – The Australian dollar has found an interim bottom at the 1.0610 zone where… For more information, read our latest forex news. FXstreet.com: Latest News
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U.S. Dollar Lower as Gold Prices Head Higher
May 10, 2011Greenback down against euro in forex trading The U.S. dollar is lower against the euro in forex trading today, mainly due to the fact that gold prices are heading a bit higher. Gold prices are firming now, after some volatility the last couple of sessions. As a result, the greenback, which normally moves inversely to [...]
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Gold and Silver See Temporary Loss on Osama bin Laden
May 2, 2011High beta currencies pull back in forex trading Gold and silver saw a temporary loss today as the news of the death of notorious terrorist Osama bin Laden spread around the globe. In a momentary surge of risk appetite, gold and silver saw drops in commodities trading — supporting the U.S. dollar against high beta [...]