Euro rises against the Pound on inflation report

Note: This section contains information in English only.
Source: WBP Online
The Sterling fell to a one-and-a-half-month low versus the common currency, driven by yesterday's disappointing BoE's inflation report. As Britain's  the release of  the second estimate for economic growth approaches, scheduled for Friday, traders remain cautious. The forecast expects the GDP to remain unchanged at 0.8% quarterly and 3.1% yearly. The Pound dropped by 0.19% to trade at 0.8019 versus the Euro.
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Mon, 18 Aug 2014 07:37:11 GMT

Gold falls with Palladium reaching its highest in 13 years

Gold spot price declined for the second day as the demand for the safe haven due to geopolitical risks was lower. At the same time Palladium withdrew from a 13-year high. Gold fell 0.6% and reached $1,297.46 an ounce but ended up trading at $1,301.78 in Singapore. In addition the Palladium spot rate was at its highest since 2001 by trading at $895.55 an ounce during

Thu, 14 Aug 2014 09:28:17 GMT

Gold rises driven by geopolitical concerns

Demand for gold keeps getting stronger as geopolitical tensions continue. Traders are focused especially on the impact of sanctions to Russia, executed by the US and the European Union. The impact of such sanctions is prejudicing both sides. Additionally, yesterday's US retail sales were substandard. Altogether, this caused gold futures for delivery in December to rise by 0.21%, trading at

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