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The US dollar jumped to a 14-month high against the euro on Tuesday as investors bet the Federal Reserve would hike interest rates earlier than expected, a view that helped knock down bond prices and weighed on global equity markets.
GOLD BUYING by central banks has continued ahead of recent averages in 2014, according to several analysts’ notes. “Central banks remained firmly on the buy-side of the gold market” in the first half of the year, writes Macquarie Bank analyst Matthew … Continue reading
A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists. The survey also showed that a vast majority … Continue reading