July 25th, 2012

Commodity Brokers – The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Interactive Brokers LLC (Interactive), a futures commission merchant based in Greenwich, Conn., for filing inaccurate large trader reports and failing to diligently supervise the handling and reporting of accounts.

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August 1st, 2012

Gold futures declined after Federal Reserve Chairman Ben S. Bernanke held off on increasing stimulus measures, lowering demand for the precious metal.

The Federal Open Market Committee “will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability,” it said today at the conclusion of a two-day meeting. Earlier, a report by ADP Employer Services showed companies in the U.S. added more workers than projected in July.

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July 26th, 2012

Gold futures rose for the second day after the European Central Bank president said policy makers will do whatever is needed to preserve the euro and amid increasing expectations of further stimulus measures in the U.S.

“To the extent that the size of these sovereign premia hamper the functioning of the monetary policy transmission channel, they come within our mandate,” ECB President Mario Draghi said today. Orders for U.S. durable goods excluding the transportation category unexpectedly dropped 1.1 percent in June, the most in five months, a Commerce Department report showed, boosting speculation that the Federal Reserve will step up measures to stabilize growth.

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July 5th, 2012

Gold futures fell the most in a week on bets that the Federal Reserve may refrain from more stimulus measures, while the dollar’s rebound eroded the appeal of the metal as an alternative investment.

Data from ADP Employer Services showed today that U.S. companies added more workers than forecast in June, which may ease concern that the labor market is deteriorating. The euro tumbled to a four-week low against the dollar after the European Central Bank cut its benchmark interest rate to a record.

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June 29th, 2012

Gold Futures – Gold traders are bullish for a sixth week on speculation that Europe’s debt crisis will boost demand from investors seeking to protect their wealth and drive prices higher after the biggest quarterly slump in eight years.

Sixteen analysts surveyed by Bloomberg said they expect a rally next week and 10 were bearish. Another five were neutral. Investors added about $1.9 billion to holdings in gold-backed exchange-traded products this month, the most since November, according to data compiled by Bloomberg. Hedge funds and other speculators have increased bets on a rally for four consecutive weeks, U.S. Commodity Futures Trading Commission data show.

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June 27th, 2012

Gold Futures – Gold is set to decline for a second day in New York on concern Europe’s debt crisis will strengthen the dollar and curb demand for the metal as an alternative investment. Palladium dropped.

Borrowing costs jumped at an Italian bill sale today before a two-day European Union summit in Brussels starting tomorrow. The dollar was little changed versus the euro after climbing to a two-week high yesterday. The China Securities Journal said the country may introduce “more proactive” policies to ensure stable growth in the world’s second-largest economy.

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June 22nd, 2012

Gold futures are set to gain for the first time in five days in New York, cutting the biggest weekly loss in more than a month, as concern about Europe’s debt crisis spurs demand for a protection of wealth.

German business confidence fell to a two-year low in June, data today showed, while Spain’s 10-year borrowing costs rose above the 7 percent level this week that prompted Greece, Ireland and Portugal to seek international rescues. The Federal Reserve extended Operation Twist on June 20, an economic stimulus plan to buy longer-maturing debt, while refraining from additional purchases, and cut its forecast for 2012 U.S. growth.

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June 19th, 2012

Gold futures may climb on speculation that the Federal Reserve will take more steps to boost economic growth and as a weaker dollar increased the appeal of the precious metal as an alternative investment.

The Fed begins a two-day meeting today amid prospects that policy makers will consider further monetary easing steps to sustain the U.S. economy. The dollar declined as much as 0.4 percent against a basket of currencies. Holdings in gold-backed exchange-traded products increased 6.1 metric tons to 2,399.72 tons, the biggest gain since March 29.

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June 14th, 2012

Gold futures rose, heading for the longest rally since October, on demand for a haven as a widening U.S. current-account gap and a surprise increase in jobless claims signaled that the economy is struggling to improve.

The current-account deficit widened in the first quarter to the most in three years, and claims for unemployment-insurance benefits rose by 6,000 after analysts forecast a drop of 375,000. Gold rose to a one-week high, partly on speculation that the Federal Reserve will take more steps to buoy the economy.

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June 12th, 2012

Gold futures gained for the third straight session in New York on speculation that policy makers will announce additional stimulus measures to boost growth, increasing demand for bullion as a hedge against inflation.

Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more stimulus actions. Spain has a “fair chance” to demonstrate its capacity to solve its banking woes after indicating it will require a bailout, Finland’s Prime Minister Jyrki Katainen said.

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