Gold swings between gains and drops as Bernanke speaks

Source: Bloomberg
© Scanpix/RS
Gold fluctuated on Tuesday as investors waited for result of the Federal Reserve meeting in Congress tomorrow and after Fed's Chairman Ben Bernanke signaled less stimulus as the economic outlook improves. Spot gold was traded at $1.395.66 an ounce as of 2:2 p.m. Singapore time after swinging between gains and losses of 0.6% at least, while it dropped to $1,338.85 yesterday, the least since April 18.

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Tue, 21 May 2013 08:24:24 GMT

Copper fluctuates before Chinese trade data

Copper swung between gains and losses on Tuesday before China's data were published and as the U.S. Federal Reserve may scale back stimulus measures as the economic outlook improves. Copper for August delivery traded on the London Metal Exchange was traded at $7,397 a metric ton as of 11:19 a.m. Tokyo time following a fall to $7,360 and a gain

Tue, 21 May 2013 10:14:04 GMT

Aussie is traded higher against Dollar ahead of Bernanke speach

The Australian Dollar was traded higher by 0.1% to 98.18 per U.S. cents in the of Sydney trading session on Tuesday. The pair holds the biggest increase in two months versus the greenback ahead Federal Reserve Chairman Ben Bernanke testimony in Congress tomorrow. Investors speculate that U.S. policy makers might reduce bond purchases.

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