Gold Hits 1-week High, Eases on Firmer Dollar
Jan 19th, 2009 | By Contrarian Profits | Category: Financial News, Gold MarketFirm U.S. dollar weighs on sentiment… Slips from 1-week high as oil prices ease…
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Firm U.S. dollar weighs on sentiment… Slips from 1-week high as oil prices ease…
MSCI world equity index up 0.7 pct at 224.39… Euro rallies on doubts over deep rate cuts… Oil jumps 5 pct; government bonds fall
Dollar firms vs euro; ECB seen cutting rates by 50 bp… Oil slides as demand woes outweigh U.S. stockpile dip… ZKB platinum ETF holdings rise 27 pct
After voting to hold rates steady at its monthly meeting today (Thursday), European Central Bank (ECB) President Jean-Claude Trichet said a rate hike in July is “possible.”
The base metals were primarily in the red on Wednesday.