commodiites
Gold Surges to Highest This Year as Turmoil Skewers Rate Outlook
©2016 Bloomberg News O1JL936KLVRA (Bloomberg) — Gold surged to the highest level in more than two months as demand for haven assets strengthened due to a global retreat in stocks and a renewed slump in oil, with investors scaling back bets about the pace and timing of U.S. interest rate increases.
Gold Loses Luster for Third Straight Year as Investors Sell
©2015 Bloomberg News O07ABB6JIJUQ (Bloomberg) — Gold’s image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the sale of gold-backed funds by investors. Bullion for immediate delivery was little changed at $1,061.65 an ounce at 8:05 a.m. in Singapore after declining
Dollar Gains With S&P 500 Futures; Asia Stocks Swing, Kiwi Jumps
©2015 Bloomberg News NRX8RO6K50Y5 (Bloomberg) — The dollar hit a five-year high versus Asian emerging peers and U.S. equity-index futures climbed before data on jobless claims. Asian stocks swung between gains and losses, while New Zealand’s currency jumped after interest rates were cut. The greenback climbed 0.8 percent versus South