"The latest euphoria in gold could continue in the coming days as speculative investors liquidate their short positions in futures and options further," said UBSanalysts Dominic Schnider and Giovanni Staunovo. "A test of the upper bound of our three-month trading range of $1,425 cannot be ruled out, especially with the Chinese market returning this...
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Oil’s focus returns to Syria, Iran at UN assembly
Benchmark oil prices will likely extend their declines this week as Iran's leadership adopts a more moderate stance towards the West, raising speculation of a speedier end to international sanctions which have cut the OPEC nation's crude exports by more than a half since early 2012.
Scheduled U.S. data releases this week will undoubtedly create near-term...
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Euro dips as uncertainty lingers after German election
(Reuters) - The euro turned lower on Monday, failing to hold gains, due to uncertainty over how long it will take Angela Merkel to form a coalition after her party's resounding victory in Sunday's German election.
Merkel's conservatives fell short of the votes needed to rule on their own and may have to convince leftist rivals...
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Weekly Market Review- 23rd September 2013
Consumer spending probably rose in August for a fourth consecutive month as demand for autos reached almost six-year high, economists said before reports this week. Purchases increased 0.3 percent after a 0.1 percent advance in July, according to the median forecast in a Bloomberg survey of 64 economists before Commerce Department data Sept. 27. Other...
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