Gold prices drop on profit-taking

Source: Investing.com
Prices for gold tumbled on Monday; however, the metal largely kept gains from their biggest rise in approximately nine months in the prior session as weak US employment numbers dampened expectations for this year's rate hike. Gold futures for delivery in December fell 0.22% to reach $1,134.10 per ounce. Futures for silver slipped 0.51% to $15.185 per ounce, whereas those for copper edged up 0.62% to $2.340 per pound. 
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Mon, 05 Oct 2015 11:21:05 GMT

EUR/GBP above 0.74 after release of UK Services PMI

The British services PMI tumbled for the ninth month of the year, down from the 55.6 points in August to 53.3 last month, making it the lowest reading of the services sector activity since April 2013. As a result, the Sterling dropped after the PMI release and the EUR/GBP pair traded somewhat above the 0.74 mark. On Thursday, the BoE will

Mon, 05 Oct 2015 09:04:07 GMT

World Bank downgrades Asia GDP forecast

The World Bank has downgraded its economic growth forecast for East Asia and the Pacific for the present and upcoming year that was mainly driven by dull economic indicators for China. More precisely, the Bank forecasts the Asia Pacific region to grow 6.5% in 2015 and 6.4% the next year, which is lower than the previous projection of 6.7%. The

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