Gold drops as physical purchases slows

Source: Bloomberg
Gold decreased on Tuesday amid speculations that purchases of physical gold eased as prices of the metal advanced to the strongest level since April 15, when the bullion entered its worst bear market in three decades. May gold futures fell as much as 0.7% to $1,459.60 an ounce and were traded at $1,465.25 as of 12:18 p.m. Singapore time.

Back to articles

Actual Topics

Tue, 07 May 2013 06:59:03 GMT

RBA cuts benchmark interest rate by 25 basis points

The Reserve Bank of Australia lowered its benchmark interest rates to the lowest level all-time on Tuesday as strong Australian Dollar weakens manufacturing output and increases unemployment in the country. The RBA's Governor Glenn Stevens with his board cut the overnight cash-rate by 25 basis points as expected to a record low at 2.75%.

Tue, 07 May 2013 06:37:03 GMT

Yen gains against all its most-traded peers

The Japanese currency increased versus all of its 16 most-traded peers on Tuesday amid speculation that recent fall towards 100-per-U.S. Dollar level was too steep. The Yen was traded 0.2% higher at 99.10 per U.S. Dollar at 1:54 p.m. Tokyo time from yesterday's closing price after it slipped 2% in the last 3 sessions, while it advanced 0.2% to 129.65

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.