Gold falls in New York after Cypriot government signalled sale

Source: Bloomberg
Gold traded in New York declined for the third time in last four sessions on Wednesday after the Cyprus' government decided to sell part of its gold reserves and as the U.S. Dollar increased. Gold for delivery in June decreased by 0.2% to $1,384.30 on the New York's Comex at 8:48 a.m., while the May gold futures traded in London climbed 1.2% to $1,384.35.

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Thu, 18 Apr 2013 05:43:04 GMT

Euro extends losses versus U.S. Dollar and Yen

The European currency extended its losing streak against the U.S. Dollar and the Japanese Yen after a report released by the Dow Jones said that the Bundesbank President signalled further interest rate cuts by the European Central Bank. Euro dropped 1% to $1.3043 earlier on Wednesday New York session after reaching $1.3202 yesterday, while it slipped 0.8% to 127.46 per

Wed, 17 Apr 2013 17:54:03 GMT

Portugal's PPI falls fifth month in a row

Producer price in inflation in Portugal decreased for the fifth consecutive month in March with the producer price index declined annually from 1.8% recorded in February to a level of 1.5% in March, while in January it was 1.9%, the Statistics Portugal reported on Wednesday. The report also showed that manufacturing sector prices grew 0.4%, whereas mining and quarrying prices

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