Gold climbed towards a five-month high on Monday as an electoral win by Greece's anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion.
Greek leftist leader Alexis Tsipra
Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar.
Gold rose more than two per cent to a four-month high on Thursday as European shares and the dollar turned lower after a shock move by Switzerland to abandon its three-year cap on the franc sent Europe's shares and bond yields tumbling.
Gold rose on Monday to its highest level in a month because of weakness in the dollar and a further decline in oil prices which sparked safe-haven bids for the precious metal.
The dollar dipped after an unexpected fall in US wages
The euro fell below $1.20 for the first time since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year - higher across the board.
Euro zone inflation numbers trickle out in the first
The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood.
The euro fell to a
The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the US dollar, on expectations that the European Central Bank will soon embark on outright money-printing.
The dollar was on track Thursday to end 2014 with a gain of 12 per cent against a basket of major currencies, and anticipated US interest rake hikes may strengthen its appeal in the new year.
This year's gain will be the dolla
GCC markets end the year flat after a correction caused by oil price volatility, but 2015 looks promising for investors due to strong fundamentals and low valuations, a report said.
The performance of GCC markets was mixed in 2014
Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the US dollar held near its highest level in nearly nine years on strong data.
The dollar index stayed close to its high