US trade balance decreases to minus USD 47.8 billion

Source: Forexpros
The US trade balance tumbled more than expected in December. Bureau of Economic Analysis reported that country's trade balance declined to minus USD 47.8 billion on a seasonally adjusted basis from minus USD 43.5 billion in November.  Experts projected the trade balance to edge down to minus USD 44.6 billion.
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Fri, 13 Jan 2012 16:47:04 GMT

Gold eases down on stronger US Dollar

Gold futures declined on Friday as economic uncertainty over the Euro Zone increased US Dollar's safe haven appeal while stronger demand from China ahead of the Chinese New Year limited losses. COMEX gold for delivery in February traded at USD1640.45 a troy ounce during the US trading session, on the New York Mercantile Exchange, easing down 0.44% since opening.

Fri, 13 Jan 2012 16:46:45 GMT

Copper and aluminium connection weakens

Copper's alternation with zinc and nickel remains relatively stable at about 0.72 while interdependence with aluminium dropped sharply on Thursday from 0.69 to 0.57 as aluminium price faced pressure from all-times high aluminium stocks at LME warehouses. Meanwhile, copper's tie with the Dow Jones Industrial Average (INDU) tumbled to the lowest level in the last month of 0.34 as stock

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