New Zealand's economy expands more than expected in Q3

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Source: Forexpros

GDP of New Zealand grew more than initially expected in Q3 being supported by high spending of manufacturing and retail industries. The indicator advanced by 0.8% on a seasonally adjusted basis in Q3, outperforming expectations of a 0.6% increase, reported Statistics New Zealand.

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Thu, 22 Dec 2011 17:51:23 GMT

Gold rallies again

Gold futures rose, surging above USD1,600 an ounce amid weaker USD that usually weights up on the yellow metal's price as gold becomes cheaper for other currency holders. Gold futures for delivery in February traded at USD1,616.45 a troy ounce at the morning European trade, on Comex division of the New York Mercantile Exchange, adding 0.18% since opening.

Thu, 22 Dec 2011 17:47:20 GMT

Natural gas sees support on decreasing drilling rings

Natural gas seeks support on the decreasing number of drilling rings. The number of rings in the US declined to 818 in the previous week as compared to 934 in the preceding week; the number of rings is lowered with the aim to control ample supply in the commodity market. Investors also anticipate the US Natural Gas inventory report due on Thursday. Traders expect

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