Gold rebounds from two days losses before US payrolls report

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Source: Bloomberg
Gold extended its three-week rally, halting two days drop, before monthly US employment data release that will show the borrowing costs outlook in the world's biggest economy. Gold for immediate delivery added 0.5% to $1,214.35 an ounce, while bullion for February settlement advanced 0.3% to 1,212.30 an ounce.
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Fri, 09 Jan 2015 14:26:13 GMT

Dollar depreciates on Fed official announcement about rate rises

The Dollar weakened for the first during three days versus the Yen, since the Fed announced the raising US interest rates in 2015 might disturb inflation recovery. The greenback fell 0.2% to 119.42 against the Yen in London, after reaching 121.85 on December 8, the highest since July 2007. However, the Dollar almost unchanged at $1.1798 versus the Euro.

Fri, 09 Jan 2015 13:54:18 GMT

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