Fx Primus Rebates

Gold Inches Higher As Dollar Dips From 16-month High

Gold prices were moving higher on Wednesday as the dollar slid from a 16-month high touched earlier in the week, amid easing concerns over Italy and Brexit. Spot gold inched up around 0.1 percent to $1,200.21 per ounce after hitting its lowest level since Oct. 11 at $1,195.90 the previous day. U.S. gold futures were…

Fx Primus Rebates

UK Inflation Steady At 2.4% In October

UK inflation remained unchanged in October, defying expectations for a modest increase, and allows the Bank of England to focus on the strengthening pay growth that can ultimately lead to an interest rate hike, if the Brexit deal is approved in time. The consumer price index rose 2.4 percent year-on-year, same as in September, figures…

Fx Primus Rebates

Oil Prices Rebound From Steep Fall

Oil prices rose on Wednesday after a steep fall in the previous session on fears of a supply glut and heightened concerns about a slowdown in the global economy. Global benchmark Brent crude climbed over 1 percent to $66.14 per barrel after plunging 6.8 percent on Tuesday to set an eight-month low. U.S. crude futures…

Fx Primus Rebates

Pound Rises Ahead Of U.K. Labor Data

The UK labor market data is due at 4.30 am ET Tuesday. The ILO unemployment rate is expected to remain unchanged at its 43-year low of 4 percent in the three months to September and employment is forecast to grow 25,000. Ahead of the data, the pound climbed against its major rivals. The pound was…

Fx Primus Rebates

German Inflation Highest In Over A Decade

Germany’s consumer price inflation in October was the highest in over a decade, final figures from the Federal Statistical Office showed on Tuesday. The consumer price index rose 2.5 percent year-on-year following a 2.3 percent increase in September. A higher inflation rate was last recorded in September 2008, the statistical office said. Energy price growth…