Asia Precious Metals Correspondent, Singapore
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Sep 15, 2014
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Sep 12, 2014

Gold stuck near 7-1/2 mth low; set for worst week since May

SINGAPORE (Reuters) – Gold fell to fresh 7-1/2 month lows on Friday, poised to post its worst week in more than three months as a stronger dollar and easing tensions in Ukraine curbed appetite for safe-haven bullion.

The dollar index was holding near a 14-month high on Friday and was firmly on track to post its ninth consecutive week of gains, boosted by strong economic data and expectations the U.S. Federal Reserve would soon raise interest rates.

Sep 11, 2014

Gold near three-month low on dollar strength, rate hike fears

SINGAPORE (Reuters) – Gold was trading near a three-month low on Thursday, hit by fears of an early hike in U.S interest rates, a stronger dollar and an apparent easing of tensions over Ukraine.

With the dollar index trading near a 14-month peak on Thursday on increasing speculation that the U.S. Federal Reserve could soon raise rates, bullion investors were eyeing any uptick in physical demand in Asia for price support.

Sep 11, 2014
Sep 11, 2014
Sep 11, 2014
Sep 11, 2014
    • About Ananthalakshmi

      "Anantha is responsible for Reuters' gold coverage in Asia, the biggest consumer of the precious metal. Based in Singapore, she tracks the day-to-day market movement of gold prices during Asian hours, fund flows and central bank purchases. She also covers the physical markets in key buyers China and India. Anantha used to cover U.S. companies earlier from Bangalore."
      Joined Reuters:
      2008
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