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Oil steadies around $103 on Iran, Fed doubtsBrent crude oil steadied around $103 a barrel on Thursday as a drop in U.S. oil stocks and lower Iranian exports balanced worries the U.S. Federal Reserve may scale back its economic stimulus. Expectations that the U.S. Federal Re More… |
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US business spending plans hit 13-month highA gauge of planned US business spending recorded its largest increase in more than a year in January, suggesting growing confidence in the durability of the economic recovery. The case for the economy's resilience was further More… |
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Gold bounces on stronger euro; focus on FedGold rose on Monday, as rallying stock markets and a broadly lower dollar helped the metal recoup some of last week's losses, but investors were cautious ahead of Fed chairman Ben Bernanke's testimony to Congress later this week. More… |
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Oil near 3-month high at $113 on economic hopeBrent crude oil traded near three-month highs around $113 per barrel on Monday, buoyed by economic optimism and ahead of a US Federal Reserve meeting and employment data that should show more signs of recovery in the world's biggest oil cons More… |
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Gold firms on hopes of US monetary stimulusGold prices firmed for a third session on Monday on expectations the Federal Reserve will further stimulate monetary policy when it meets later this week, and as the dollar edged lower versus the euro. Investors are awaiting the o More… |
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Gold holds steady on Fed watchGold hovered near six month highs hit the previous session on Thursday with investors fixated on the outcome of a Federal Reserve policy meeting, watched keenly on prospects for additional US monetary stimulus. Bullion hit its lof More… |
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Gold firms; investors eye Fed decision, German rulingGold edged higher on Tuesday, paring losses from the previous session, with investors awaiting a key German ruling on the euro zone's bailout fund and a US Federal Reserve decision on possible measures to stimulate the economy. More… |
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Gold near 6-1/2-month high on Fed hopesGold inched up on Monday towards a 6-1/2-month high hit in the previous session, buoyed by expectations for the Federal Reserve to take imminent easing action after the latest data painted a bleak picture of the US job market. Fri More… |
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Gold pauses after rally sparked by US dataGold eased on Monday as a firmer tone to the dollar prompted some investors to cash in gains after the metal's biggest one-day rally in more than three years. But prices were underpinned by speculation the Federal Reserve could unveil More… |
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Key consumer data boosts US hopesUS consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released showed. Separate data earlier in the day showed US producer prices unexpectedly fell More… |
