Gold implies stability

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

Economic problems in Europe and US led to frequent fluctuations in stock market. Although gold-mining shares are gradually rising as they are considered to be more stable. Shares of Newmont Mining Corp. and Barrick Gold Corp. went up by 9%. NYSE Arca Gold Bugs Index increased by 11%. Gold prices were up by 8% as compared to the end of Q3.

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Fri, 11 Nov 2011 18:02:39 GMT

More stability in Europe increases oil prices

Situation in Europe started to stabilize as political tensions in Italy and Greece became lower. The prospects of oil demand are positive and crude oil price for December delivery increased by 0.8% approaching to $98.46 a barrel as traded on the New York Mercantile Exchange.

Fri, 11 Nov 2011 18:02:16 GMT

Better situation in Italy increases European share prices

Italian bonds' yield decreased and the government almost accepted austerity measures to rescue country's economy. Economic situation gets better and European shares started to rise. STOXX Europe 600 index increased by 1.3% to 238.31. FTSE MIB index also went up by 2.4%.

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