Gold Silver Reports — The dollar’s best month in more than a year faces one last barrier: Janet Yellen speaks on Friday and any hint that interest-rate hikes will be delayed could spur a reversal for the greenback.
Currencies
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Dollar Rally Weighs on Gold
Gold Silver Reports — Open mouth, move the dollar. Comments by Federal Reserve Bank of Philadelphia President Patrick Harker late
Oil Rose After an Unexpected Drop in Inventories
Gold Silver Reports – U.S. stocks tumbled following their biggest gain in two months, as disappointing results from Walt Disney Co. to Macy’s Inc. raised doubts about the strength of the American consumer. Oil rose after an unexpected drop in inventories, while the dollar fell.
The S&P 500 Index retreated for the first time in four days, while the Dow Jones Industrial Average erased all but five points of its Tuesday advance. Retailers led declines as Disney sank the most since January and Macy’s led a selloff in apparel shares. Energy producers rallied as U.S. oil surged past $46 a barrel. Industrial metals also climbed as Glencore Plc forecast demand will exceed supply. Brazilian shares fell, while the real climbed as the Senate geared up for a vote that could oust the president.
Stocks Little Up as Commodities Drop
Gold Silver Reports — U.S. stocks meandered, with the Dow Jones Industrial Average ticking up to its highest level since July as global equities capped a fifth straight advance on gains in Europe and Asia.
Dollar Slump Buys Crude Oil, Gold
Gold Silver Reports — U.S. equities fell, erasing gains as what is forecast to be the worst American earnings season since the financial crisis gets under way. The dollar tumbled to a nine-month low, boosting commodity prices.
Citibank Predict Indian Rupee Will Hold Gains
Gold Silver Reports ~ Citibank is predicting India’s rupee will hold much of the gains from what looks set to be its best month in 2 years. The resolve shown by Prime Minister Narendra Modi in seeking to narrow the fiscal deficit to a 9-year low has boosted investor confidence and will probably support capital inflows,
EUR-USD Extended 5-Month Sharp Gains
Gold Silver Reports ~ EUR/USD extended sharp gains from the previous session surging to five-month highs, as foreign exchange traders continued to digest a dovish monetary policy decision from the Federal Reserve 24 hours earlier.