Gold, oil prices rise on dollar weakness - September 30, 2010 16:47

Just as major currencies are making gains against the sour dollar this week commodities like gold and oil are moving higher as well. The current Gold price has a (September 30) spot rate at $1,312 in early New York NYMEX trade and benchmark crude oil scheduled for November delivery is priced at $78.71.

Dollar weakens against major currencies - September 29, 2010 23:55

The euro, pound and yen are among major currencies that have taken advantage of a weaker dollar again this week. The dollar, already sluggish in lieu of ongoing unemployment concerns, slid further following the Fed’s announcement last week that it plans to buy US Treasuries to effectively infuse cash into the economy.

Euro nears $1.34 following Fed meeting announcements - September 22, 2010 15:33

Central Bank leaders elected to leave interest rates alone following their monetary policy meeting on Tuesday (September 21). The move extended weakness in the dollar and helped push the euro and pound higher.

Euro moves higher against dollar - September 15, 2010 22:02

The euro traded as high as $1.3038 earlier Wednesday (September 15) and currently sits at $1.3011 after upbeat US data this week has cause some speculators to move away from the dollar and into more high risk investments.

Oil prices near $76 after US pipeline shuts down - September 10, 2010 14:47

A shutdown of a major oil pipeline in Illinois combined with a bigger than expected drop in US crude inventories helped push oil prices for benchmark crude scheduled for October delivery to $75.65, up by $1.40 from Thursday’s (September 9) settle price on the New York Mercantile Exchange.

Euro falls hard on renewed European debt concerns - September 8, 2010 16:12

The euro has dropped sharply in the last 36 hours after new data showed risky debt held by European banks could be a bigger problem than was previously indicated.

Mortgage rates well below 4.5 per cent - September 3, 2010 23:07

The Federal Reserve’s continued support of low to no interest rates is a contributor to mortgage rates that remain near historic lows. Bankrate.com lists Friday’s (September 3) national average mortgage rate at 4.34 per cent.

Interest rates remain low as economic concerns persist - August 27, 2010 14:15

National average mortgage rates remain historically low and there appears to be no end in sight to the Fed’s low to no interest rate policy. A less than stellar Commerce Department report on the second quarter gross domestic product Friday (August 27) morning is the latest contributor to the sense of pessimism hanging over the […]

Gold moves closer to record - August 26, 2010 10:23

Gold prices moved closer to its all-time high on Wednesday (August 25) despite relative firmness in the dollar. One ounce of gold currently fetches $1,238 in early evening New York Globex trade.