Currency Markets

Gold stays lower after drop in US jobless claims

Gold futures stayed lower early on Thursday after the government reported a drop in U.S. jobless claims in the latest week. Gold for June delivery was recently down $5.40, or 0.4%, to $1,166.40 an ounce. Read more.


IMF Backs Inflow Tax to Counter Currency Pressure

The International Monetary Fund supports the adoption of a tax on capital inflows to stem the excessive appreciation of currencies in some Latin American economies, said Nicolas Eyzaguirre, the director of the fund’s Western Hemisphere department.

Latin American economies should consider “carefully designed” taxes to avoid volatility in their currency markets, he said. The taxes would be appropriate where fiscal policy “discipline” is in place, he said. Read more.


US government redesigns $100 bills

Washington – In an effort to make it more difficult to counterfeit money, the US government has redesigned the $100 bill, adding new security features.

The blue 3-D Security Ribbon on the front of the new $100 note contains images of bells and 100s that move and change from one to the other as you tilt the note. The Bell in the Inkwell on the front of the note is another new security feature. The bell changes color from copper to green when the note is tilted, an effect that makes it seem to appear and disappear within the copper inkwell. Read more.