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European Session: CIT Bankruptcy Shakes Risk Appetite…Briefly The slightly weaker US economic data, as well as worries about the stability of the US financial industry, prompted selling in risk correlated trades last week. In the FX market, high beta currencies were the biggest losers as falling equity and commodity prices renewed risk-aversion & spawned correction [...]

Gold declined $1.77 on Friday on the back of a rebound in the US dollar and sharply lower equity markets. Under a closer look it seemed that despite the increase in GDP there are doubts about the strength of economic recovery given that some areas continue to be under pressure. Consequently investors booked profits in [...]

PRECIOUS – Gold Drops Amid Sharp Equities Sell-off * Gold prices down but hold well despite Wall St sell-off * Volatility index rallies, highest since July * Gold BUGS index down as much as 5 pct in stocks rout NEW YORK, Oct 30 (Reuters) – Gold prices dropped on Friday amid a sharp equities sell-off, [...]

COMMODITIES – Surging Dollar Sinks Markets; Oil, Corn Down 4pct * Oil and corn down nearly 4 pct; copper loses over 2 pct * RJ/CRB index down more than 2 percent * Dollar may outperform commodities if recovery is robust NEW YORK, Oct 30 (Reuters) – Commodities fell sharply on Friday, giving back virtually all [...]