Gold keeps cutting loss as dollar retreats
Euro erased losses against the dollar
Oil felt pressure earlier by the stronger dollar
Copper prices stumbled on Monday
Copper stocks at highest since last July
Gold fell more than 1 percent on Monday, briefly dipping below $1,410 an ounce, as the dollar rose after hawkish comments from a Federal Reserve official last week and as impetus from unrest in the Middle East petered out. Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker.
Copper prices stumbled on Monday as renewed worries about Japan's crisis, unrest in the Middle East and rising stocks persuaded investors to retreat from assets perceived to be risky.
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Euro erased losses against the dollar
Oil felt pressure earlier by the stronger dollar
Copper prices stumbled on Monday
Copper stocks at highest since last July
Gold fell more than 1 percent on Monday, briefly dipping below $1,410 an ounce, as the dollar rose after hawkish comments from a Federal Reserve official last week and as impetus from unrest in the Middle East petered out. Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker.
Copper prices stumbled on Monday as renewed worries about Japan's crisis, unrest in the Middle East and rising stocks persuaded investors to retreat from assets perceived to be risky.
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