IMF Completes Egypt Review, Approves New Arrangement
The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. This enables the authorities to immediately draw about US$1.2 billion (SDR 922.87 million), bringing...
Gold rises amid weak dollar
by Samer Hasn, Senior Market Analyst at XS.com
Gold continues its remarkable advance for the third consecutive day, reaching its highest level since October of last year, near $2,764 per ounce.
Gold’s gains come amid the weakness of the US dollar as the market reassesses the future of the upcoming trade war, in addition to the prevailing uncertainty about the future of the...
Gold Ends -Eigh Wteek Winning Streak, Hits New Low Near $2,833/Oz
Written by Linh Tran, Market Analyst at XS.com
Gold ended last week down near $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
