Gold moved higher on monetary stimulus hopes

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Source: Forexpros
Gold futures gained in Asian session on Wednesday ahead of key meetings of the ECB and Fed that may announce easing measures in view of weak economic state. COMEX gold August contract traded at 1,625.35 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.52%. Meanwhile, COMEX silver for delivery in July traded at 28.587 US Dollars per troy ounce, advancing by 0.64%.
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Wed, 06 Jun 2012 10:28:22 GMT

EU to unveil new plan to protect taxpayers' money from financial crisis

The European Commission designed proposals of new legislation aimed at protecting taxpayer's money from being spent on bailing out banks. Proposals suggest that bank shareholders as well as creditors have to cover bank's losses. The plan is likely to decrease vulnerability of the entire financial system to economic instability in peripheral countries. However, the new law is expected to come

Wed, 06 Jun 2012 10:06:23 GMT

Crude oil advanced on falling US stockpiles

Crude oil futures eased up in Asian session on Wednesday after the American Petroleum Institute announced that US oil supplies declined by 1.6 million barrels last week. Moreover, stronger than initially expected performance of the US services sector stimulated price increase. Light, sweet crude oil futures for July delivery traded at 84.42 US Dollars per barrel on the New York

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