Change in prices of precious metals

Source: Bloomberg
As the Euro declined the amount of holdings in gold increased to a record high 2412,4 tons on Tuesday. Bullion prices reached two-week high of USD 1625.07 an ounce whereas futures for August-delivery became USD 1616.70 an ounce, which is 0.3% lower than previous. At the same time silver lost 0.4% amounting to USD 28.1625 for ounce now. Platinum decreased by half percent reaching USD 1481.82 an ounce. However now gold prices are set to fall in London as investors tend to get rid of the metal before the ECB meeting.
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Thu, 05 Jul 2012 06:22:40 GMT

Australia's trade shortfall broadened in May

Australian trade deficit expanded in May for a fifth straight month on higher level of imports of fuel and industrial equipment. Imports outperformed exports by AUD 285 million (USD 292 million) compared to a AUD 26 million shortfall reached in April, Bureau of Statistics reported on Thursday. The report adds pressure on RBA to prolong interest rate cuts.

Wed, 04 Jul 2012 15:27:37 GMT

IMF: "remarkable" economic performance of Germany

On Tuesday the IMF claimed that the economic activity of Germany is notable taking into account the latest encumbrances related to the demand growth and banks' vulnerable situation. Economists also mentioned that country's current fiscal policy is appropriate. IMF also highlighted the importance of the Landesbanken restructuring and Germany's recession management improvement.

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