Gold rose further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the metal, but a firm U.S. dollar could cap gains.
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Gold slipped more than half a percent on Thursday after equities rose and the euro ticked up on optimism over tentative steps by European policy makers to resolve and limit the region's debt crisis.
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Gold fell further on Monday but could attract bargain hunters after posting its worst closing since June in the previous session as the dollar rallied against the euro on growing doubts about Europe's ability to resolve its debt crisis.
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The euro got off to a rocky start in Asia on Monday, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.*
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Gold futures rose to a record settlement above $1,585 on Wednesday, as the possibility of more Federal Reserve stimulus coupled with Europe's deepening debt crisis fueled bullion's longest winning streak in five years.
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The euro rose to a one-month high against the dollar in Asia on Monday while commodity currencies like the Australian dollar held onto last week's hefty gains, as diminishing worries about Greece prompted investors to embrace risk.
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The euro rose to fresh two-week highs on the dollar in Asia on Thursday, swept higher by a wave of stop-loss buying and extending a rally after Greece moved a step closer to securing international aid.
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Gold rose further on Wednesday on inflation fears ignited by recent strong Chinese economic data, lingering worries over debt problems in Europe and the United States as well as a softer U.S. dollar.
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هذا الموقع يستخدم ملفات تعريف الارتباط (الكوكيز ) للمساعدة في تخصيص المحتوى وتخصيص تجربتك والحفاظ على تسجيل دخولك إذا قمت بالتسجيل.
من خلال الاستمرار في استخدام هذا الموقع، فإنك توافق على استخدامنا لملفات تعريف الارتباط.