Gold appreciates on weakening U.S. Dollar

Source: Bloomberg
Gold futures for June settlement were higher by 0.4% to $1,564.40 an ounce in the morning of New York trading hours on Thursday. The metal gains the second time from three previous days, as the U.S. Dollar edges lower and boosts demand for the precious metals. The U.S. Dollar lost 0.6% versus six major counterparts, as weak jobless data increase pressure for the Fed to maintain monetary stimulus.
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Thu, 11 Apr 2013 16:56:34 GMT

Dollar depreciates on enhancing risk appetite

The U.S. Dollar slipped 0.2% to 1.3097 per Euro and decreased to 86 cents per New Zealand Dollar in the morning of New York trading session on Thursday. The U.S. currency weakened against the major counterparts, as global investors speculate that central banks around the world will keep monetary stimulus programs, what will boost demand for higher yield assets. 

Thu, 11 Apr 2013 15:19:35 GMT

Copper slips for a second straight day on Fed speculation

Copper futures with settlement in three months were lower by 0.4% to $7,541 metric ton in the morning of the London Metal Exchange hours on Thursday. The price declined for s second straight day amid speculation that the Federal Reserve Bank will curb monetary stimulus and that would threat demand in the U.S., which is the second-largest world consumer of the metal.

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