Gold still advancing as Dollar weakens

Source: WBP Online
© Scanpix/Reuters
Gold kept to trade above the $1,300 level as investors continue purchasing the metal instead of the greenback. Federal Reserve Chairman Ben Bernanke said not to taper the quantitative easing unless employment data improves, which weakened the Dollar. Gold futures increased 2.21% to $1.321.60 an ounce as of 11:46 a.m. EDT, while silver went up 4.18% to $20.275 an ounce.
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Mon, 22 Jul 2013 15:50:05 GMT

U.S. home resales down amid increased mortgage rates

The demand for houses declined in the U.S. as prices grow quickly and mortgage rates become more expensive. Resales of previously owned houses dropped 1.2% in June to 5.08 million. Analysts predicted that the number would reach 5.25 million, a gain of 1.4%. Despite slowdown, the resale growth was the second largest since November 2009.

Mon, 22 Jul 2013 15:17:09 GMT

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