Hungary MNB Interest Rate Decision remains unchanged at 1.35% in January

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Carney – Could cut rates if necessary

Bank of England’s (BOE) Carney, while testifying to lawmakers, said the bank could if necessary go below bank rate of 0.5 pct.
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Gold bulls ran out of steam near 50% Fibo level

The bullish momentum in Gold ran out of steam as it neared USD 1118.85 (50% fib of Oct high-Dec low), following which it fell back to trade around USD 1112/Oz levels.
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