Gold moved closer to two-week high ahead of FOMC meeting

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Source: Forexpros
Gold prices rose in the European morning session on Tuesday, trading close to two-week high.  Recent rise in Spanish borrowing costs returned safe-haven appeal of the yellow metal while FOMC meeting may result in the third round of QE in the US. COMEX gold August contract traded at 1,632.95 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.37%.




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Tue, 19 Jun 2012 15:54:58 GMT

Crude oil tumbled on Span's fiscal woes

Crude oil dropped in European morning session on Tuesday as soaring Spanish bond yields weighted down on risk-appetite among market participants. Light, sweet crude oil futures for July delivery traded at 82.88 US Dollars per barrel, falling by 0.15%. Meanwhile, Brent oil futures for delivery in August traded at 95.60 US Dollars per barrel on the ICE Futures Exchange, losing

Tue, 19 Jun 2012 15:32:58 GMT

Canada's wholesale sales soared by 1.5% in April

Wholesale sales in Canada increased more than expected in April, rising for the third month in a row, reported Statistics Canada. Wholesale sales surged by 1.5% in April as compared to a 1% jump expected. The country's wholesale sales amounted 49.3 billion Canadian Dollars mostly due to a 12.8% increase in miscellaneous sector. After the data release, the Canadian Dollar

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