Fed interest rate

Asian stocks hurt by oil prices and robust US dollar

Stocks in the Asian market faced a steep decline for the second day following the drop in oil to less than $40 per barrel. In addition to the oil price drop, investors were curious about the US financial policy.

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Gold prices fall amid the rise in dollar

On Tuesday, the precious metal gold glided owing mainly to the increase in a dollar. In addition, the positive US data, which fuelled the speculation on Fed interest rate hike, drove the global share market to a new height.

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