Gold rises as euro stabilizes; Europe worries continue

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Source: Reuters
As G8 leaders vowed to combat financial crisis, cash gold stepped up to USD 1,600 per ounce on Monday. Spot gold increased by 0.4 per cent to USD 1,598.79. However, concerns about Greece and debt crisis do not subside, because world's leaders did not offer any specific prescription on how to rescue the euro area. Therefore, some analysts, like Ed Meir of INTL FCStone, suspect that this gain is only temporary.
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Mon, 21 May 2012 14:31:50 GMT

Gold rose amid easing hopes

Precious metals extended previous gains on Friday amid broadly weaker US Dollar and China's easing hopes. Gold rose by more than 1%, indicating the largest two-day jump since October. The yellow metal was buyout by hopes for easing policies in the US and China.Silver was the top-gainer, rallying by more than 2% despite weakness of the global equities in view

Mon, 21 May 2012 13:17:41 GMT

Yen Weakens on Expectations of Additional Stimulus from BOJ

While investors are expecting BOJ to add stimulus to the economy this week, Lee Hardman of Bank of Tokyo-Mitsubishi UFJ Ltd. considers it would be a premature action and that the situation may self-correct, because Europe would be the main determinant of yen price in the nearest future. On Monday the yen lost 0.4 percent to 101.36 yen per euro and 0.3 percent to

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