Bullion steady amid uncertainty over timing of Fed's rate hike

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Source: FXstreet
Gold prices are treading water on Tuesday after a four-losing streak, despite the weakening US Dollar. The yellow metal is still hovering near a two-week low, as it struggled to find a direction amid doubts over a looming US interest rate rising. Bullion ticked up 0.10% to $1,119.20 per troy ounce by 08:20 AM GMT. Meanwhile, prospects of the rate hike in the US put more pressure on gold prices, as the Fed meeting on September 16-17 is approaching.
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Tue, 08 Sep 2015 11:27:12 GMT

Aussie jumps as traders reduce Greenback longs

The Australian Dollar erased its post-China data losses and was set higher versus the US Dollar, as speculations that the Fed will refrain from hiking rates next week, pushed the Greenback investors to liquidate long positions. The AUD/USD pair rose 0.76% to $0.6976 by 08:44 AM GMT. Nevertheless, the Aussie remains under pressure by worries over China, which is Australia's

Tue, 08 Sep 2015 08:26:06 GMT

Oil prices picked up by weak Greenback

Prices for oil were higher on Tuesday after a massive sell-off in the previous session, as the weaker US Dollar offered some support to the commodity. However, a persisting global oversupply and worries over a slowing Chinese economy limited gains on oil. Futures for WTI rose 1.15% to $44.76 per barrel, while Brent contracts gained 1.04% to $48.12 per barrel

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