Gold futures moved higher on the China's central bank decision

Source: Forexpros
Gold prices increased during the Asian session, following the news on the lowered RRR in China. The move weighted down on the US Dollar thus stimulating its hedge's, gold, jump. COMEX gold's April contract traded at 1,738.05 US Dollars per troy ounce on the New York Mercantile Exchange, soaring 0.7%.
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Mon, 20 Feb 2012 11:45:47 GMT

Grain futures ended the week on a positive note

Grain futures in the US ended the week on the positive note. The soybean futures for delivery in March, were the top gainers, trading at 12,6662 US Dollars per bushel as China signed a contact on record high US soybean purchases. At the same time, corn and wheat also moved higher on the expected higher demand for US grain supplies.

Mon, 20 Feb 2012 10:29:06 GMT

US Dollar depreciates on China easing and Greek hopes

The Greenback weakened against 17-nation currency and other important counterparts on speculation Monday meeting will bring a solution to Greek troubles. Depreciation was fuelled by China's decision to cut its reserve requirement ratio. ICE Dollar index lost 0.28% and declined from 79.334 to 79.082 during late American trade on Friday. Euro gained 0.12% against its US peer to USD 1.3216. Currently EUR/USD

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