Tag: u.s. federal reserve
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Australian dollar surges above US 77c
The Australian dollar has reached its highest point in two years in the wake of a weakened US dollar and an increase in commodity prices. The Australian dollar is now worth over US 77 cents, reaching a high point of 77.07 US cents, which is an increase of 2%. The surge comes in the wake of…
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Gold hit a five week low with further losses expected
Gold has sunk for the sixth straight session, reaching a five week low with more losses expected in the coming days. U.S. gold futures settled at $1,203.20 on Friday. Gold futures were at the lowest level since February 1st at $1,202.90 with the February level being $1,199.70. Spot gold didn’t fair much better, as it was down by 0.32% at $1,203.58 per…