Gold Hits 5-Month High Amid Geopolitical Tensions

Gold continued its rally as the dollar slipped with investors seeking safe-haven amid rising geopolitical tensions over North Korea. Spot gold climbed as much as 0.8 percent to $1,295.56 an ounce on Monday, the highest level since November 9. Last week, the metal rose 2.5 percent in its biggest weekly gain since June. Drivers of…

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Oil Touches One-Month Peak As US Strikes Syria

Crude oil prices jumped Friday morning after the US military’s missile attack on a Syrian government base. The US fired a barrage of cruise missiles at Syria in a response to a chemical weapons attack for which security sources blame Syrian leader Bashar al-Assad. Brent crude futures were up 28 cents at $55.17 a barrel…

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OANDA US Rolls Out New Pricing Model

Oanda, a forex broker based in San Francisco that provides forex trading services around the globe, has started offering a new pricing option for its US clients. The new pricing model combines core pricing plus commission. In other words, this is the well-known pricing model of raw spreads plus commission. 70 FX pairs included in…

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Dollar Hits 2-Week High After Trump-Abe Meeting

The dollar rose to a 2-week high against a basket of currencies on Monday, after the meeting between U.S. president Donald Trump and Japanese Prime Minister Shinzo Abe. A senior Japanese government spokesman unveiled that Abe and Trump did not discuss currency issues and that Trump did not request a bilateral trade deal. The dollar…

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FXCM Inks Agreement With GAIN Capital To Sell US Client Base

Gain Capital Holdings, a global provider of online trading services, has signed a definitive agreement with FXCM to acquire the foreign exchange broker’s US client base. The acquisition of the US client base of FXCM will transform GAIN Capital into biggest brokerage in the US. Under the terms of the agreement, customers of FXCM’s U.S….

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