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Crude oil declined for a third consecutive day amidst speculation that OPEC shall raise its output quota. WTI crude futures fell by 0.53 percent to USD $ 98.490 a barrel. Brent crude futures fell by 0.45 percent to USD $ 113.96 a barrel. The current high level of oil price has increased the idea that…Read more

Gold futures rose on the back of pessimism regarding the recovery of the US economy. Gold futures rose by 0.63 percent to USD $ 1542.40 an ounce. The US unemployment rate rose in May to 9.1 percent from its previous figure of 9.0 percent. There is a growing belief that the US Federal Reserve shall…Read more

Oil futures fell by the biggest weekly amount in a month amidst news that the US Unemployment rate increased to its highest level this year. WTI crude futures fell by 0.18 percent to USD $ 100.22 a barrel. The US Labour Department stated that the number of payrolls increased by only 54,000 in May, the…Read more

The Euro increased against all sixteen of its major trading currencies, after the German Chancellor, Angela Merkel, stated that Germany’s economic growth rate is impressive and the European Union is committed to maintaining the Euro. The EURO-USD exchange rate rose by 0.2847 percent to 1.4369. Inflation in Europe is around 2.7 percent, higher than the…Read more

Oil futures fell for a second day after reports showed that the number of new jobs added in the US declined, crude stockpiles increased and global manufacturing slowed down. WTI crude futures fell by 0.50 percent to USD $ 99.79 a barrel. Brent crude futures fell by 0.30 percent to USD $ 114.19 a barrel….Read more

The Euro advanced against the US Dollar, as there was a growing sense of optimism that European leaders were working towards an amiable solution to Greece’s sovereign debt crisis. The EURO-USD exchange rate increased by 0.6718 percent to 1.4378. Luxembourg’s Prime Minister, Jean-Claude Juncker, who is also the head of the group of euro finance…Read more

Gold and silver rose, as continued concerns over Europe’s sovereign debt crisis helped the precious metals to register a rally in their prices. Gold futures increased by 0.01 percent to USD $ 1537.40 an ounce, while silver futures rose by 0.74 percent to USD $ 38.145 an ounce. The Greek Prime Minister, George Papandreou, announced…Read more

The US Dollar declined against its major currencies, as economic news pointed out towards a weak economic growth in the US economy. Also, the Euro declined on rising concerns over Greece’s ability to come out of its economic crisis. The EURO-USD exchange rate fell by 0.2008 percent to 1.4290, while the USD-JPY exchange rate fell…Read more

Gold futures slightly declined after rising for the better part of the past several weeks. Gold futures decreased by 0.02 percent to USD $ 1537 an ounce. Silver continued its upward trend, with prices rising by 0.98 percent to USD $ 38.235 an ounce. Gold slightly fell ahead of the holiday in US and UK…Read more