October 2014

Gold Falls to 9-Month Low amid Robust Dollar

Gold prices fell to their lowest in nine months on Sept. 30, as the U.S. dollar reached a high value against other currencies, and market participants speculated on when the Federal Reserve will increase its benchmark interest rates.

December gold dropped to $1,204.30 per ounce in early trading on the Comex division of the New York Mercantile Exchange, the lowest value for this contract since Jan. 2, according to Bloomberg News. It then recovered to reach $1,206.60 an ounce by 7:39 a.m.

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hong kong

Global Stocks Decline amid Hong Kong Unrest

Global stocks moved lower on Monday, Sept. 29, as markets responded to protests in Hong Kong.

Hong Kong protests and investor sentiment

Some experts asserted that these protests, spurred by the Asian nation’s plan to limit the number of candidates Hong Kong voters can choose from, hampered investor risk tolerance, USA Today reported. Rod Smyth, chief investment strategist at Riverfront Investment Group, provided such a view.  Read more