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The precious metal gold prices continue to trade bullish at 1,947 level amid sell-off in tech stocks such as amazon, Facebook and apple. For now, the violation of 1,950 resistance may offer us a quick buy trade — checkout the Gold price forecast to learn more about the trade setup.
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Forex Market: GBP/CHF daily forecast During yesterday’s trading session GBP/CHF traded within the range of 1.4970-1.5131 and closed at 1.4990.At 6:16 GMT today GBP/CHF was losing 0.04% for the day to trade at 1.4985. The pair touched a daily low at 1.4984 at 2:40 […]
Commodities trading outlook: gold, silver and copper futures Gold and silver futures steadied at lower levels during midday trade in Europe today, ahead of several US economic reports. Stocks and the dollar advanced on Wednesday. Meanwhile, copper futures surged, boosted by positive readings for […]
Gold trading outlook: futures tick up on China demand Gold rose for a second session on Monday as the precious metal was supported by strong Chinese demand weeks before traditional holidays.Comex gold for delivery in February gained 0.92% to $1 197.1 per troy ounce by 07:39 GMT, having […]
Russia in a $270 billion oil deal with China Rosneft, Russias biggest oil company and world No.1 by output, agreed to double its oil supply towards China for the next 25 years, starting in 2015. The company, 75% of whose capital is government owned, will deliver 300 000 barrels per day […]
McDonald’s Corp. share price down, posts declining U.S. sales for four straight months McDonalds Corp., which is currently considered as the largest restaurant chain worldwide, announced a same-store sales drop for February 2014, which is its fourth consecutive month of declines. The sales were said to have decreased by 0.3% due […]
Boeing shares fall for a second session in a row on Wednesday, China to invest over $1 trillion in aircraft during the next 20 years According to Boeings latest forecast, airlines in China are to purchase over 7 000 aircraft at an estimated value of $1.1 trillion during the upcoming 20 years in an attempt to satisfy strong demand for local and international […]