Gold advanced ahead of ECB refinancing decision

Source: Forexpros
Gold futures added to previous gains on Monday ahead of the ECB decision on long-term refinancing operation, called LTRO, aimed at boosting banks' lending. COMEX gold April contract traded at 1,779.15 US Dollars per troy ounce on the New York Mercantile Exchange, rising 0.15%.


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Mon, 27 Feb 2012 09:58:25 GMT

Deepwater Horizon oil disaster's court hearing postponed for one week

The trial over the oil spill in the Gulf of Mexico made by BP-operated Deepwater Horizon oil rig was postponed for one week to enable parties to talk more on further settlement. The court hearing will resolve issues regarding civil penalties and damage claims. Currently, BP has paid 7.5 billion US Dollars for compensation and cleaning of the spill. The

Mon, 27 Feb 2012 09:23:05 GMT

European stocks end mostly higher on Friday

European shares finished mostly up on Friday session, supported by banks and crude companies. Stoxx Europe 600 index added 0.3% to 264.77. German DAX index jumped 0.8% and French CAC 40 index advanced 0.6% to 6,864.43 and 3,467.03 respectively. In contrast UK FTSE 100 closed 0.05% down at 5,935.13. 

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