News Bites Even if Bitcoin Is The Rising Star, Gold Is Still King

(Kitco News) - Even if bitcoin – known to some as digital gold – is stealing the metal’s spotlight, one analyst points out that the cryptocurrency has a longs way to go before it catches up to bullion, at least in market cap. In dollar terms, bitcoin has surpassed gold prices by a landslide, recently hitting an all-time high above $4,000; meanwhile, gold prices continue to hover near $1,300 an ounce. However, if we look at the market cap of both these markets, gold is still king. “It's ...
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Euro shaky ahead of Thursday’s ECB announcement, dollar steadies

By Saqib Iqbal Ahmed | NEW YORK The euro weakened against the greenback on Wednesday in choppy trading ahead of Thursday's European Central Bank policy announcement and the UK general election. The common currency was down 0.14 percent at $1.1259 after hitting a low of $1.1205 on reports suggesting the ECB Bank would lower its inflation targets. Bloomberg, citing unnamed euro zone officials, said the central bank was preparing to lower its annual inflation forecast for the next three ye...
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Dollar Posts Biggest Drop in Two Months on Fed and Yuan Rally

By: Netty Idayu Ismail and Michael G Wilson The greenback fell by the most since Donald Trump won the U.S. presidential election as the Federal Reserve’s meeting minutes showed uncertainty over how his policies would impact the pace of interest-rate increases, while a yuan rally exacerbated the dollar selling. Investors trimmed long-dollar positions amid signs the trade has gotten increasingly crowded, sending the greenback falling below 116 yen for the first time since Dec. 14. The offshore y...
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Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop

The dollar climbed to the highest level since 2003 against the euro and gold plunged as the prospect of a steeper path for U.S. interest rates filtered through markets. U.S. stocks rebounded from the worst day in two months.Financial shares led gains in major American equity benchmarks, while rate-sensitive stocks slipped after U.S. 10-year yields reached the highest level in more than two years. The greenback extended its advance against major and emerging-market peers after the Federal Reserve...
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Dollar Surges as U.S. Prepares for Higher Rates

Dollar touches a 14-year high after Fed raises interest rates for the first time in 2016 By  MIKE BIRD,   CHELSEY DULANEY and   JAMES GLYNN Updated Dec. 15, 2016 10:17 a.m. ET 13 COMMENTS The U.S. dollar surged to its highest level in 14 years Thursday, battering emerging-market currencies and pushing the euro closer to parity after the U.S. Federal Reserve signaled that it expects to raise interest-rates quicker than previously anticipated. A faster-than-...
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Dollar Breaks 115 Yen on Way to Best Run of Gains in Two Years

By: Lananh Nguyen The dollar climbed to the highest level in 10 months against the yen as its best run since 2014 showed little signs of abating. The currency has advanced every week since the election of Donald Trump on Nov. 8, and climbed through 115 yen on Friday, a level unseen since February. That five-week run of gains has mirrored a similar streak in Treasury yields, as investors price in a faster path of interest-rate hikes from the U.S. Federal Reserve. The greenback has also rallied ...
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7 Common Factors That Influence Gold Prices

Sean Williams (TMFUltraLong) Oct 13, 2016 at 9:50AM IMAGE SOURCE: GETTY IMAGES. It's been a wild year for stocks, but it's been nothing short of an exceptional year for physical gold and gold investors. Gold began the year at $1,060.80 an ounce, and it was mired in a multi-year downtrend that had seen the lustrous yellow metal lose about $850 an ounce from its all-time high. Pessimism abounded throughout the gold industry as miners were seemingly more likely to be writ...
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