Gold jumped ahead of Bernanke's speech

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Source: Marketwatch

Gold futures advanced on Friday, ahead of a highly anticipated Ben Bernanke's speech, that can signal new policy moves from the Fed. Gold with December contract rose by 0.4 per cent, to $1,664 per ounce. Other precious metals also edged higher on Friday, with copper, silver and palladium for December settlement jumping 0.4%, 0.9% and 1.1%, respectively.

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Fri, 31 Aug 2012 16:00:16 GMT

Oil futures rose as greenback depreciates

Crude oil futures rose on Friday after two consecutive sessions of loses, as the U.S. Dollar depreciated, and traders were waiting for a speech by Ben Bernanke. October crude edged 1.7 per cent higher to $96.27 per barrel. At the same time, the ICE Dollar Index erased 0.68 per cent to 81.16, from earlier 81.704. Other oil-related products were also higher on Friday.

Fri, 31 Aug 2012 15:49:16 GMT

Canadian economy grew 0.2% in June

Canadian economy grew more than expected in July, Statistics Canada reported on Friday. Nation's GDP rose by 0.5 per cent in the second quarter, while on the monthly basis Canada's economy expanded by 0.2 per cent in June, after adding 0.1 per cent in the preceding month. Experts had predicted GDP to rise by 0.1 per cent.

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