Gold struggles after China rate cut

Note: This section contains information in English only.
Source: CNBC
The yellow metal failed to hold early gains on Wednesday, despite the further decline in Chinese stocks, as investors do not consider the recent rate cut by the PBoC as a sufficient measure to boost slowing Chinese economy. Bullion was trading 0.1% lower at $1,136.10 per ounce by 08:48 AM GMT. Meanwhile, the outlook for gold prices remains cautious, as the possible Fed's rate hike in September is still on the table.
Back to articles

Actual Topics

Wed, 26 Aug 2015 11:15:05 GMT

Kiwi stays in positive territory versus Greenback ahead of US data

The New Zealand Dollar was trading flat against its US counterpart on Wednesday, following the steep decline in two previous sessions, when the Kiwi hit a fresh six-year low. The NZD/USD pair edged 0.49% higher to $0.6501 by 10:05 AM GMT. Later in the day, traders will focus on the release of core durable goods orders from the US, which

Wed, 26 Aug 2015 08:46:06 GMT

Oil stabilises as PBoC calms markets

Crude futures were treading water on Wednesday, as the PBoC lowered rates in order to help the slowing economy and calm down the recent turmoil in Chinese equities. However, the concerns about a supply glut still persist, putting more pressure on oil prices. WTI failed to rise above $40 level, trading 0.14% higher at $39.44 per barrel, while Brent crude

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.