Gold below three-month high

Note: This section contains information in English only.
Source: Bloomberg

Gold was traded below its three-month high as investors evaluated U.S. economic data, which led to an appreciation of the Dollar, slowing demand for other alternative investments. Immediate delivery went down from $1,345.17 to $1,307 and had its first drop last week during the previous seven weeks. Gold is positioned on the defensive end against the strong USD, which will keep pressure on the prices.

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Wed, 23 Jul 2014 08:48:12 GMT

New sanctions against Russia could strike Europe

The Euro was traded below $1.3491, the lowest since February, due to the anxiety of sanctions against Russia. Several European companies, banks and manufacturers have cut the volume of deals with Russian businesses. George Osborne claims, that U.K. must be aware of economic hit. Meanwhile, Germany continue to keep its ties with Russian government, as the crisis could expose about 25.000 jobs. 

Wed, 23 Jul 2014 08:37:13 GMT

Euro weakens against most of the peers

The common currency reached its lowest level in multiple month against many of its counterparts on Wednesday, most notably depreciating against the Swiss Franc. The Euro slipped to 8-month lows against both the Greenback and the Aussie at $1.3459 and A$1.4304 respectively. The fall of the Euro concurred with the anticipation for the ECB to ease its policy further.  

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