Gold draws strength from depreciating US Dollar ahead of Fed meeting

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Source: Forexpros
Gold futures inched up during Asian session on Tuesday, after breaking core support level of 1,700 US Dollars per ounce during the US trade. The yellow metal found support on lower greenback as investors are cautious before Fed meeting. COMEX gold for delivery in April traded at 1,701.65 US Dollars per troy ounce on the New York Mercantile Exchange, advancing 0.11%.
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Tue, 13 Mar 2012 10:16:03 GMT

China agreed to sell 10 billion US Dollars of state bonds to Japan

China has agreed to sell 10 billion US Dollars of sovereign debt to Japan in an attempt to internationalize its currency. China is willing to make the Yuan an alternative reserve currency to its US counterpart. Allowing overseas investments in China's debt, the country makes its currency more accepted in foreign markets, said Zhang Yongjun from China Centre for International

Tue, 13 Mar 2012 09:24:05 GMT

Crude oil moves higher before Fed meeting

Crude oil prices increased during Asian trading hours on Tuesday, after declining for several sessions amid China's demand concerns and low probability of further easing by Feb. Light, sweet crude oil futures for April delivery traded at 106.68 US Dollars per barrel on the New York Mercantile Exchange, gaining 0.32%.

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