Gold climbs as conflict intensifies in Iraq

Note: This section contains information in English only.
Source: Bloomberg
Tension in the Middle East and Ukraine keep on concerning traders, therefore causing gold to rise to its highest price in three weeks. Gold rose by 0.7% to 1,322.14, reversing a 0.3% loss, after Barack Obama approved air strikes in Iraq. Regarding futures, gold for December increased to 1,323.50 on the Comex.
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Fri, 08 Aug 2014 09:02:13 GMT

Crude climbs as air strikes in Iraq are authorized

Both Brent and West Texas Intermediate rose as the US President Barack Obama has authorised Iraq air strikes. The futures for September had a considerable rise with the Brent increasing 1.3% and the WTI 1.1%. Consequently, the Brent was trading at $106.85 a barrel in London and the Texas light sweet was at $98.45 on the NYMEX.

Fri, 08 Aug 2014 08:39:07 GMT

USD/JPY drops following Bank of Japan statement

The Greenback slid to two-and-a-half week lows versus the Yen today, after investors secured profits, following the U.S. Dollar latest rally due to an array of favourable U.S. data, whereas the BoJ left the monetary policy unaltered. USD/JPY traded at 101.73, having dropped 0.35%. The strength of the U.S. Dollar once again fueled the speculation over the timing of the Fed's rate cut. 

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