Gold declines in electronic trading

Note: This section contains information in English only.
Source: Marketwatch
Gold April futures dropped 1% or USD 16.50 to USD 1,677.90 per ounce during Asian session on the Comex division of the New York Mercantile Exchange. Precious metal prolonged losses from Tuesday as traders turned their attention to higher yielding assets and invested in stocks. May silver slipped 0.5% or USD 0.17 to USD 33.41 per ounce while copper for May delivery gave up 0.3% or USD 0.01 to USD 3.89 per pound. 
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Wed, 14 Mar 2012 08:33:45 GMT

JP Morgan Chase announces unexpected dividend increase

JP Morgan Chase & Co the largest US lender unexpectedly announced it received a permission for a 20% dividend raise. The dividend will be increased from USD 0.25 to USD 0.30 a share. Bank's disclosure forced its competitors including Wells Fargo & Co and PNC Financial Services to post their dividend proposals. JP Morgan rallied 7% on the announcement, supporting

Wed, 14 Mar 2012 08:02:21 GMT

European shares push higher on German sentiment and US data

European equities rallied on Tuesday as German investor sentiment unexpectedly jumped in February and US retail sales reached the highest reading in five months. Stoxx Europe 600 index surged 1.8%, German DAX climbed 1.4% and French CAC 40 added 1.7%. British FTSE 100 index gained 1% and Italian FTSE MIB index jumped 2.1%. 

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