Wednesday 16 April 2014
 
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Gold breaks below $1,300

Gold hit a six-week low on Thursday, breaking below $1,300 an ounce for the first time since mid-February, as speculation that US rates would rise sooner than expected and easing tensions over Ukraine pushed prices down. Selling a

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Gold rebounds from near 6-week low

Gold bounced on Wednesday from its weakest level since mid-February but signs of a recovery in the US economy and an absence of support from the physical sector could limit gains and keep prices in a tight range. In a sign of tepi

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Gold hits 5-week low on firmer dollar

Gold fell to its lowest in more than five weeks on Tuesday, as the dollar edged higher on after a top Federal Reserve official reinforced the likelihood of higher US interest rates in the first half of 2015. In an interview with C

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Gold hits near 4-month high

Gold rose to a near four-month high on Monday, adding to last week's gains, as the dollar weakened and investors remained anxious about the pace of the US economic recovery and China's growth. Weak US manufacturing data on

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Egypt sells 1-year dollar bills, yields fall

The Egyptian government sold $1.1 billion of one-year dollar treasury bills at an auction on Monday, with the average yield dropping to 2.474 per cent, the central bank said. Submitted bids amounted to $1.37 billion. The Ministry

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Gold extends gains to near 3-month high

Spot gold climbed to its highest in nearly three months on Tuesday, as investors look for hints from the new Federal Reserve chief later in the session on whether the pace of its stimulus tapering may be slowed. US gold futures ro

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Gold drops after big gain in 2 weeks

Gold dipped on Tuesday, after posting its strongest daily gain in nearly two weeks on Monday, as the dollar steadied and investors assessed that weak U.S. data would not derail the world's largest economy from its recovery path.

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Egypt to support imports with dollar sale

Egypt's central bank will restock the market with much-needed dollars on Monday, moving to ensure a steady flow of imports of staple foods against an increasingly volatile political backdrop. The bank said it would sell $1.5 b

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Gold near one-month high as dollar, stocks drop

Gold steadied near its highest in a month on Tuesday as safe-haven buying increased amid a drop in the dollar and equities, with investors fretting over the US growth outlook after a disappointing jobs report last week. Friday'

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World shares at six-year peak

World stocks were putting the finishing touches on a bumper year on Monday, steady at a six-year peak as rising benchmark bond yields and commodity prices underscored expectations of firmer global growth in 2014. Britain's FTS

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