Gold rallies again

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Source: Forexpros

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.

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Thu, 22 Dec 2011 17:51:49 GMT

Central bank of Brazil holds expected inflation at 4.7%

The central bank of Brazil left the forecast for inflation rate unchanged at 4.7% in 2012 even despite decrease in the SELIC overnight rate by 100 basis points since previous inflation forecast. The Copom reported that its models predict the inflation to increase only by 0.1% to 4.8% in case SELIC rate is decreased by 150 basis points to 9.5%. The inflation rate is close

Thu, 22 Dec 2011 17:48:34 GMT

New Zealand's economy expands more than expected in Q3

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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