Gold falls as Greenback strengthens

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Source: Reuters
Gold weakened again and hovered near its lowest level over the last five years ahead of the US inflation data release later today and growing expectations of an interest rate increase in December. Spot gold dipped $3.95 or 0.4% to trade at $1,078.46 per troy ounce. US gold fell 0.6% to reach $1,077.50. Elsewhere in metals trading, palladium was down 2% to trade at $537.28 per ounce.
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Thu, 19 Nov 2015 11:19:09 GMT

Oil strengthens as US stockpiles rise below expectations

Crude oil prices climbed up on Thursday amid a small increase in US oil stockpiles. US weekly crude oil inventories increased by about 0.25 million barrels, noticeably below market forecasts of over 2 million barrels. Futures for WTI for December delivery edged up $0.19 to trade at $41.05 per barrel, while Brent futures for delivery in January rose $0.40 to

Tue, 17 Nov 2015 13:16:05 GMT

UK inflation remains at 0.1%

Consumer inflation in the UK stayed in negative territory for the second month in a row in October, highlighting worries over deflationary pressures. Prices dropped 0.1% from a year ago, the same as in the preceding month and in line with analysts' forecasts. Core inflation that excludes energy prices and volatile food advanced to 1.1% from previously 1%. The BOE

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