Gold slid more than 1 percent on Thursday to its lowest since late June after the U.S. Federal Reserve took its first step away from the ultra-loose monetary policy that had helped drive bullion prices to record highs in recent years.
The Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the US economy was finally strong enough for it to start scaling down its massive bond-buying stimulus.
The central bank mod
Gold edged lower on Tuesday as the dollar recovered, retreating from a five-week high as investors started to factor in expectations that the U.S. Federal Reserve will maintain its stimulus measures well into early 2014.
The Fed b
Gold fell to a four-week low on Thursday, on waning prospects of an imminent military strike against Syria and uncertainty over the time and pace at which the U.S. Federal Reserve will start to unwind monetary stimulus.
Emerging market nations can be adversely affected by large swings in investment and, therefore, must develop tools to control credit flows or risk relinquishing any independent monetary policy, a study shows.
These findings were p
Emerging market currencies and shares fell on Thursday and the dollar rose as a spike in US debt yields drove up borrowing costs globally, overwhelming the impact of buoyant economic reports from China and Europe.
However, with ca
The rout in emerging markets gathered pace on Wednesday, extending to the Turkish lira which, with India's rupee, hit new record lows in a sell off prompted by the expected tailing off of extraordinary U.S. money printing.
Gold reversed early losses on Thursday as the U.S. dollar languished at seven-week lows, with traders covering short positions in the precious metal.
Gold is now up for a second straight session, having fallen to a three-week low
US employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.
The number of
World shares, bonds and commodities steadied on Friday, a day after a sharp sell-off triggered by plans by the U.S. Federal Reserve to cut back its asset-buying programme.
Easing fears about a banking crisis in China also made for