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Gold Weakens Ahead of FOMC Meeting

COMEX gold futures fell sharply in early trading on Monday, losing over $12 per ounce. Recent positive economic data out of the US, including a robust employment report, has fueled speculation that the Federal Reserve may hike interest rates sooner than expected. Analysts will be watching very carefully the wording of the FOMC statement on […]

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EUR/USD Falls to 2-Year Low Ahead of ECB Thursday

The Euro weakened to its lowest levels against the US Dollar since August of 2012 in early trading on Wednesday. The pair had formed a double bottom at the 1.2353 level which was violated during the London trading session. Markit Financial Information Sevices reported on Wednesday that Eurozone Final Services PMI came in at 51.1 […]

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