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The precious metal gold fell sharply to 1,926 amid neutral FOMC meeting minutes from the United States. Gold is now gaining support around 1,926 levels, which is extended by a symmetric triangle pattern. Learn more about it in a gold price forecast video above.
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Arch MI Holdings to buy RMIC Companies Inc Arch U.S. MI Holdings, a wholly owned subsidiary of Arch Capital Group Ltd, said on Monday that it had entered into a definitive agreement to acquire RMIC Companies Inc and its subsidiaries.Once the deal is finalized, RMIC’s $1 billion […]
Commodities trading outlook: gold, silver and copper futures Gold and silver futures traded higher during midday trade in Europe today. However, any big moves are saved for the rest of the week, as crucial reports are expected. Tomorrow the European Central Bank (ECB) will reveal its interest rate […]
General Motors shares gain a third straight session on Monday, five US plants to be closed in January in relation with supply adjustment According to sources at the United Auto Workers union, General Motors Company intends to close five auto assembly plants in the United States for different time stretches in January in order to ease sedan oversupply. Yesterday the […]
USD/SGD settles below 3 1/2-week high, posts weekly gain The USD/SGD currency pair settled below Friday’s high of 1.2899, its strongest level since December 22nd, as the latest US macro data seemed to have curbed expectations for imminent interest rate cuts by the Federal Reserve.Initial claims […]
Tensions Shake Oil, Gas, and Broader Commodity Trade Key Moments
ICE Brent jumped 4.35% to settle above $70/bbl as concerns over potential US action against Iran intensified.
European natural gas benchmark TTF climbed almost 5.6%, with traders focused on LNG transit risks through […]
AUD/JPY Down 0.45% to 92.96 on Japan’s Household Spending Surges Key Moments:AUD/JPY pulled back below 93.00 on Friday.
March saw household spending climb 2.1% year-over-year, aiding the yen.
The pair’s downward momentum was mitigated by robust Chinese trade data.Yen Strengthens as […]