Saturday 29 November 2014
 
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Dollar

UAE may create body to monitor FX peg

An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future. An

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UAE dirham at 1-year low in forwards market

The UAE dirham fell to its lowest against the US dollar in more than a year in the one-year forwards market on Thursday, as speculation grew that slumping oil prices would lead Gulf states to ditch their currency pegs to the dollar.

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Gold slips further below $1,200 over fund outflows

Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund and traders remained cautious before an upcoming Swiss referendum on central bank bullion assets.

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2014: the year of deflation and lower returns

While the year 2014 began with expectations of higher growth, higher yields and higher stocks, it is ending with the reality of lower inflation, lower yields and higher stocks, a report said. It also ends with asset markets and th

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Gold could hit $800 warns hedge fund

Gold prices could tumble towards $800 to $900 an ounce, not seen since the 2008/2009 financial crisis, metals merchant and hedge fund Red Kite warned even as the precious metal extended losses to a second session on Tuesday. The m

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Gold near 4-1/2 year lows as dollar strength bites

Gold languished near its lowest level since April 2010 on Thursday as investors dumped the safe-haven metal amid strength in the dollar and equities, with markets now fearing $1,000 an ounce as the next target level. Silver, under

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Gold and silver struggle near 4-year lows

Gold and silver extended their losing streak to a fourth session on Monday to trade near their lowest in more than four years, with a stronger US dollar and possible technical selling likely to keep them under pressure. Precious m

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Oil bounces from 4-year low to $85 as dollar falls

Brent crude bounced off a four-year low on Wednesday to above $85 a barrel, a level that was still down 25 per cent since June, as a drop in the value of the dollar attracted some cautious buying in the oil market. On Tuesday, the

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Gold retreats from 4-week high as dollar rises, oil slides

Gold retreated from an earlier four-week high on Tuesday, losing momentum as lacklustre euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Deepening worries over the health of the globa

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Gold holds above $1,200, bearish sentiment prevails

Gold held above $1,200 an ounce on Tuesday, retaining most of its sharp overnight gains following a bout of profit-taking in the dollar, but optimism over the US economy and possibility of higher rates kept investors wary. Spot go

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