Tuesday, September 21, 2010

20100921 1001 Global Market News.

PRECIOUS-Gold hits record as investors seek safety
LONDON, Sept 20 (Reuters) - Gold hit a record high for the fourth day in a row on Monday, boosted by growing expectations for U.S. interest rates to remain exceptionally low as the economy struggles, while silver came in range of 30-year peaks.
Data on Friday showed Americans were at their most pessimistic in over a year this month, as growing fears about job security and finances undermined U.S. consumer sentiment and painted a muted picture of price pressures.

FOREX-Dollar struggles before Fed meeting, AUD shines
LONDON, Sept 20 (Reuters) - The dollar slipped broadly on Monday on speculation the Federal Reserve may flag the need to inject more stimulus into the struggling U.S. economy when it announces its latest policy decision on Tuesday.
The U.S. currency traded in a thin range against the yen due to a market holiday in Japan and as investors were cautious of taking big yen positions after Japan's intervention last week.

Dlr slips, gold hits peak; Fed signals eyed
LONDON, Sept 20 (Reuters) - The dollar slipped and gold hit a record high  as the possibility the Federal Reserve could signal further economic stimulus spurred demand for alternative assets.
"There is plenty of pressure on the Fed to put forward what they are going to do to stop the U.S. going into a double dip recession. It will be the main focus of the week and the market could go either way, we expect trading to be quite volatile," said Will Hedden, sales trader at IG Index.

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