Stocks, U.S. yields fall on U.S. policy doubts, Barcelona attack

NEW YORK (Reuters) - World equity markets and U.S. bond yields fell while gold rose on Thursday as investors favored safe-haven investments amid growing skepticism U.S. President Donald Trump, embroiled in controversy, would achieve his economic agenda. Adding to investor concerns was news that a van had slammed into crowds in the Spanish city of Barcelona, killing 13 people, according to media reports, in an attack police were treating as terrorism. U.S. dollar trading was volatile and U.S. T...
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Oil Climbs as U.S. Supplies Shrink to Lowest Since Start of Year

Oil surged to an eight-week high after the government said U.S. stockpiles shrank to levels last seen at the start of the year. Futures rose 1.8 percent in New York. Crude inventories declined by 7.21 million barrels last week to the lowest since Jan. 6, according to data from the Energy Information Administration Wednesday. Gasoline stockpiles fell for a sixth week to the lowest level since December, the data showed. “The primary driver behind the rally is that you’ve got more inventory d...
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Dollar posts biggest quarterly drop in nearly seven years

By Sam Forgione NEW YORK (Reuters) - The U.S. dollar recovered slightly on Friday, but posted its biggest quarterly decline against a basket of rival currencies in nearly seven years after hawkish signals from foreign central banks this week pressured the greenback further. Investors have ramped-up expectations for tighter monetary policy from the European Central Bank, Bank of England and Bank of Canada after hints from officials this week. This has made the greenback less attractive, in a...
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Gold rebounds from 6-week low as dollar sags ahead of Fed speeches

Gold rose on Tuesday after hitting a six-week low in the previous session as bargain hunting set in and the dollar fell before speeches by U.S. Federal Reserve officials. Fed officials have signaled that they plan to continue on their current trajectory of interest rate hikes despite a slow down in inflation. However, investors are skeptical and market pricing shows only a 40 percent chance of a rise in December. A huge sell order totaling 1.85 million ounces pushed gold to a six-week ...
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US demand growth to push copper market into deficit

The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply. Bullishness about the impact of Trump's $500 billion infrastructure plans has cooled down considerably since then, but at $2.6430 per pound ($5,872 a tonne) in New York on Monday the bellwether metal is up by more than a third in value since hitting near-six year lows this time last year. The Chilean...
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Trump sends shiver through stock market with shot across dollar’s bow

A fake dollar bill with President-elect Donald Trump's visage. By MARKDECAMBRE   The buck stops with Donald J. Trump. The president-elect, who has developed an early knack for challenging U.S. corporations via Twitter, reserved his most biting comments for the U.S. dollar, which vaulted 4% higher at its peak in the wake of the real estate billionaire’s Nov. 8 election victory over Hillary Clinton. In a Friday interview with The Wall Street Journal, Trump said the U.S. curr...
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A Free-Floating Yuan Is Looking a Bit More Likely

As China’s yuan swings back into the global spotlight, it might seem like an odd time for authorities in Beijing to loosen their grip on the tightly-managed currency. Yet for a growing number of analysts and investors, the prospect of a freely floating yuan -- a Chinese exchange rate wholly determined by market forces -- is no longer a distant possibility. Advocates include a government-backed researcher and a former central bank adviser, while bond-market powerhouse Pacific Investment Manageme...
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Bond prices rise as Fed gears up to raise rates to counter Trump inflation

U.S. government debt prices were higher on Thursday as investors priced in more interest rate hikes. The Federal Reserve's December minutes showed President-elect Donald Trump's proposals to stimulate growth may trigger inflation. The Central Bank may have to raise rates at a faster pace to counter price rises. Based on those expectations, Goldman Sachs raised its year-end forecast for 10-year Treasury yields to 3 percent from 2.75 percent on Thursday, Reuters reported. The yield on the ben...
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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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Why Did Gold Fluctuate in 2016?

By Meera Shawn | Jan 3, 2017 12:00 pm EST Trump’s victory and gold Gold prices for February expiration fell on the last trading day of the year. Gold fell 0.53% and closed at $1,152 per ounce on December 30. Gold prices broke a three-year losing streak and rose 9.8% for 2016. The beginning of 2016 was rather turbulent for gold. Safe-haven bids initially drove prices higher because safe-haven demand was strong. During the last quarter, prices kept falling due to the interest rate hike in Decem...
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