That also helped to rally the Euro currency and pressure the dollar index.
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Some hawkish comments from European Central Bank president Trichet, suggesting another ECB interest rate hike forthcoming, helped to boost the Euro currency and pressure the dollar index Thursday.
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The weaker dollar index limited selling pressure in the precious metals.
The precious metals saw selling pressure due to a firmer U.S. dollar index and as many other commodity futures markets were also under selling pressure.
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That boosted the U.S. dollar index and put downside pressure on the Euro currency.
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The index did see selling pressure Friday and the greenback bulls have faded a bit.
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The strong rebound in the dollar index put downside price pressure on most commodity markets Thursday.
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The weaker dollar index did limit selling pressure in the precious metals.
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The weaker dollar index will limit selling pressure in the precious metals.
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The yellow metal traded near steady in early trading and then advanced when the U.S. dollar index came under selling pressure following some fresh, weak U.S. economic data.
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The firmer U.S. dollar index today helped to pressure silver.
Ross said that unless the MSCI Emerging Markets index closes below 863 (it closed around 913 yesterday), suggesting further pressure on the downside, then investors should watch for the index to perk back up again.
The U.S. dollar index is under moderate selling pressure early Wednesday, while crude oil prices trade steady.
The U.S. dollar index is under modest selling pressure early Thursday, while crude oil prices trade firmer.
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But, from an inter-market perspective, the U.S. dollar index should continue to see pressure near term, which will be gold-bullish.
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The U.S. dollar index was under moderate selling pressure early Wednesday, but did move off its lows as the session progressed.
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The U.S. dollar index is under modest selling pressure early Friday.
The strong rebound in the dollar index has put downside price pressure on most commodity markets Thursday morning, and is somewhat limiting the upside in gold.
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That news boosted the U.S. dollar index but put modest selling pressure on many commodity markets, including the precious metals, and also limited buying interest in the U.S. stock indexes.
Other U.S. data issued Thursday was a mixed bag, but overall the fresh economic data helped to pressure the U.S. dollar index, which in turn helped to boost gold and silver.
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Early safe-haven buying gave way to heavy selling pressure that was due to strong gains in the U.S. dollar index, sharp losses in crude oil and other commodity markets, profit-taking pressure and weak-handed long liquidation.
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That has allowed the Euro currency to rally, which in turn has put some downside pressure on the U.S. dollar index.
The minutes were bullish for most commodity markets, including the precious metals, while putting downside pressure on the U.S. dollar index.
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The Euro currency made some short-covering gains on the EU data, which in turn put some downside price pressure on the U.S. dollar index.
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Some better German economic data and a well subscribed Spanish bond auction Tuesday did support the Euro currency, which in turn put some downside price pressure on the U.S. dollar index.
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The move should not only make the returns on hard assets more appealing, but it should also put some downside price pressure on the U.S. dollar index, or at least limit its upside movement.
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Such a move by the Fed should be gold and commodity-market bullish, as it would not only make the returns on hard assets more appealing, but it would also likely put some downside price pressure on the U.S. dollar index, or at least limit its upside movement.
The U.S. dollar index is under more profit-taking pressure Thursday morning, as the Euro currency is seeing a short-covering rally.
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