Gold prices reach 4-month low

Note: This section contains information in English only.
Source: WBP Online
Gold prices declined to four-month low, as investors chose other safer assets amid the Greek crisis and bear stock market in China. Bullion futures fell 0.4% to $1,147.5 per ounce by 7:30 AM GMT. Analysts stated that the selloff in Chinese equities is pushing commodity prices lower, and the uncertainty over Greece is forcing investors to sell commodities and invest in government bonds and the US Dollar.
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Wed, 08 Jul 2015 08:27:06 GMT

Japanese Yen stronger amid safe haven status

The Yen traded higher against the Dollar and the Euro on Wednesday, amid turmoil in Greece and selloff in China. The Yen rose 0.5% higher to 134.02 against the common currency while it rose 0.8% to 121.53 against the Greenback by 8:00 AM GMT. Moreover, Japan's current account surplus in May reached 1.8 trillion yen, which is the biggest figure

Tue, 07 Jul 2015 13:46:04 GMT

Euro retreats against US Dollar, surpassing psychological support of 1.10

The shared currency contracted on Tuesday amid deepening political uncertainty regarding Greece. Intraday the Euro zone's currency sank 0.9% to 1.0959, which is the lowest level since June 2015. Nevertheless, the Greenback is also affected by essential US data, while the investors are monitoring the Fed on its decision to raise interest rates September.

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