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Gold struggled on Wednesday to recover strongly from sharp overnight losses and traded near its lowest level in two-and-a-half months on a stronger dollar and robust U.S. economic data that curbed the metal's safe-haven appeal.The dollar hovered around 14-month highs against a basket of major currencies, underpinned by stronger-than-expected U.S. data and a resulting rise in Treasury yields. A stronger ...
Brent crude rose towards $101 a barrel on Wednesday, pulling away from a 16-month low hit in the previous session, supported by encouraging U.S. manufacturing data.Benchmarks on both sides of the Atlantic plummeted the day before on a stronger dollar and the prospect of slowing oil demand growth in China and Europe.U.S. manufacturing activity hit a nearly 3-1/2-year high last month and construction ...
Gold struggled on Wednesday to recover strongly from sharp overnight losses and traded near its lowest level in two-and-a-half months on a stronger dollar and robust U.S. economic data that curbed the metal's safe-haven appeal.The dollar hovered around 14-month highs against a basket of major currencies, underpinned by stronger-than-expected U.S. data and a resulting rise in Treasury yields. A stronger ...
Gold fell to its lowest in 2-1/2 months on Tuesday, breaking through key support at its August lows as stock markets rose and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.The metal has been underpinned by worries over the stand-off between Russia and the West over Ukraine and persistent unrest in the Middle East, but strength in stocks and the dollar, ...
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