Gold poised for best weekly performance since October 2011

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
Gold price rose after the Fed announced it will maintain its highly accommodative monetary policies. The metal traded at $1,286.20 yesterday, dropping to $1,282.21 today. Gold appreciated 4.8% so far this week, heading towards the best weekly performance since October last year. Analysts expect the prices to increase next week as well.
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Fri, 12 Jul 2013 08:44:04 GMT

U.S. Dollar headed for weekly retreat

The greenback is set for a weekly fall versus almost all of its most-traded peers as the Fed's officials' comments did not gave a clear monetary policy's outlook. The U.S. Dollar was at 99.03 Yen as of 6:41 a.m. London time from 98.96 on Thursday, when it reached 98.27, the lowest level since June 27 and it is headed for

Fri, 12 Jul 2013 07:57:06 GMT

Pound is heading towards weekly gain against Dollar

The British Pound is heading towards the first weekly increase against the U.S. Dollar in a month, before U.K. construction data, which is expected to show that the construction industry shrank 2.8%. The Sterling was virtually unchanged today at $1.5169, while it has appreciated 1.9% so far this week, the most since June 7. The currency rose 1.1% yesterday.

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