LONDON: Gold fell to near its lowest in almost four weeks on Wednesday, on a stronger dollar and hopes for progress in the Greek crisis after the country told international creditors Athens could accept their bailout offer if some conditions were changed. The Greek situation has failed to spark robust safe-haven bids for gold, with bullion investors still focused on an expected increase in US interest rates after more strong economic data.
NEW YORK: Crude futures hit 3-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. The dollar initially surged against the euro on the Greek jitters, but it later retreated, limiting the downside for oil. A softer dollar makes commodities priced in the greenback more affordable for holders of other currencies.
LONDON/PARIS (Reuters) - UniCredit , Societe Generale and Deutsche Bank may have passed the recent health check of Europe's banks, but they are likely to be among the first big lenders in need of cash if the euro zone crisis worsens.
Reuters - UniCredit , Societe Generale and Deutsche Bank (DBKGn.DE) may have passed the recent health check of Europe's banks, but they are likely to be among the first big lenders in need of cash if the euro zone crisis worsens.