Gold edged lower after China's rates cuts

Source: Marketwatch

Gold fell on Thursday after unexpected Chinese interest rates cuts, while investors awaited Ben Bernanke's, U.S. Federal Reserve Chairman, testimony to the Congress. Gold futures for August delivery dropped $7.20, a 0.4 per cent decrease, to $1,627 an ounce in trading session of the New York Mercantile Exchange's Comex division.

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Thu, 07 Jun 2012 20:06:55 GMT

Dollar continue rising on Bernanke remarks

USD pushed higher versus other main currencies on Thursday, as the Chairman of the Federal Reserve claimed that Fed is ready to implement economic stimulus measures. EUR/USD hit 1.2560, tumbling 0.17% since the beginning of the U.S. morning trading session; an cable gained 0.37%, consolidating at 1.5553. However, USD grew against JPY, hitting 79.47, and increased versus CHF, reaching 0.9561.

Thu, 07 Jun 2012 21:01:29 GMT

Gold and silver edged lower in electronic trade

Gold futures fell during electronic trading this Thursday after Ben Bernanke's, U.S. Federal Reserve Chairman, testimony to the Congress. Gold prices for August delivery tumbled $12.10, a 0.7 per cent decrease, to $1,622.10 an ounce in trading session of the New York Mercantile Exchange's Comex division. Silver futures for July delivery slipped 29 cents, a 1 per cent decline, to $29.20 an ounce.

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