Archive - November, 2015

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This morning we’ve seen the price of Gold reach its lowest level since 2010, momentarily trading as low as 1063.73 / oz as a strong USD holds the value down. This level is the culmination of a drastic month for the precious metal as we’ve seen it nose dive over $100 since the peak of 1191.30 on 15th October. Bullion prices have actually fallen 15 out of 16 sessions as investors are bracing themselves for the first US interest rate hike in nearly a decade. Futures data…

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Bank of England Governor Mark Carney dampened expectations on the timing of the first UK rate hike innearly a decade yesterday, predominantly citing the recent slowdown in China and other emerging market economies as the main reason. "The outlook for global growth has weakened since the August inflation report," the BOE's Monetary Policy Committee said in a statement. The BOE highlighted that it is, by no means, in any rush to raise its benchmark interest rate and v…

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