The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion.
Tags: Gold
Upbeat earnings lift stocks, Greek anxiety hits euro
World stocks climbed back toward all-time highs on Tuesday as upbeat European earnings reports and expectations of a sixth straight rise in German business confidence helped offset worries about a possible Greek default.
Oil & gas mega-merger keeps stocks fizzing
Global stocks remained upbeat on Wednesday as a $70 billion mega-deal in the European oil and gas sector stoked the merger and acquisition fever that has gripped investors this week.
China's Guangdong Rising makes new, lower bid for PanAust
China's Guangdong Rising Assets Management [GDRAM.UL] launched a fresh $850 million bid to buy copper and gold miner PanAust Ltd (PNA.AX), but priced its offer at a quarter less than 10 months ago, underscoring the rout in mineral commodities.
Oil surges on Yemen air strikes, global stocks tumble
Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies.
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A rare five-dollar gold piece and a prized silver dollar each could fetch $10 million or more in upcoming auctions, making the American rare coin market as attractive, though not nearly as glamorous, as fine art.
Yamana Gold Inc offshoot Brio Gold has big plans for 2015 that could include a public listing and acquisitions of modest assets, possibly from big miners who are selling non-core operations, Brio Chief Executive Gil Clausen said on Sunday.
Fresh rumors are circulating about the upcoming MacBook Air Pro, including the February 24 launching date as a result of minor update to the newest product in this category and the need for a new Apple logo design to fit to its ultra thin design.
European stocks dipped and low-rated bond yields rose on Monday after dismal Chinese trade data and signs of increasingly fraught relations between Greece and its international creditors kept investors cautious.
Japanese stocks rallied and the dollar stood tall on Wednesday thanks to surprisingly robust U.S. economic growth, helping investors head into the Christmas holidays in a more relaxed mood after the global markets turbulence of the past two weeks.
The cost of lending gold returned to positive territory on Friday for the first time in over a month, capping a dramatic week-long recovery, as robust U.S. jobless data reinforced expectations of higher interest rates next year.
Asian equities gained on Tuesday as a rebound in the crude oil price gave resource-related sectors a breather, but Tokyo shares bucked the trend and slipped as the yen's losing streak was tempered.
Oil prices fell to their lowest in five years on Monday, hit by slowing factory activity in China and Europe and hammering emerging market stocks and commodity-linked currencies.
Gold prices tumbled on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, joining the broad rout in commodities that sent oil prices to five-year lows and copper to four-year lows.
