Hedge fund guru Paulson keeps faith in gold despite new slump to 5-year low
Billionaire hedge fund manager John Paulson stuck with his holding in the biggest exchange-traded product backed by gold, looking past slumping prices for the metal.
Billionaire hedge fund manager John Paulson stuck with his holding in the biggest exchange-traded product backed by gold, looking past slumping prices for the metal.
U.S. stocks dropped the most in three weeks while the dollar jumped after data from housing to manufacturing beat estimates, boosting the case for higher interest rates.
SA’s rand slipped to a two-week low on Tuesday, weighed down by poor domestic data while the dollar stretched recent gains.
SA’s rand firmed against the dollar on Wednesday after softer-than-expected inflation bolstered the case for local lending rates to remain on hold.
The rand steadied versus the dollar after pushing firmer than the 12.00 mark overnight, helped by a stronger euro.
Gold held near a three-month low as investors weighed the outlook for higher U.S. interest rates before the Federal Reserve begins a two-day meeting. Platinum extended losses to the lowest level since 2009.
The US Dollar has appreciated against all currencies, including the hapless Rand (what cost R11.40 a month ago is now R12.40). Judging by comments in this article, the trend isn’t going to end anytime soon
South Africa’s rand fell to a new 13 year-low against the dollar early on Wednesday, extending losses triggered by a sell-off of emerging market currencies on expectations that U.S. interests rates could rise by mid-year.
Cees Bruggemans discusses business, windfall and order in his latest opinion piece, focusing on the strengthening Dollar and energy price reductions.
The minutes from the Federal Reserve’s meeting last month have foreign-exchange traders wondering whether Janet Yellen has joined the currency wars.