Gold steady ahead of Fed decision and Greek debt deal

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Source: Forexpros
Gold prices remained steady during the Asian session as investors started to put more attention to the Fed's decision on further quantitative easing in the US rather than wait for results of negotiations on the Greece's debt restructuring. COMEX gold futures for delivery in February traded at USD1,667.25 a troy ounce, on the New York Mercantile Exchange, easing up 0.17%.
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Wed, 25 Jan 2012 13:57:16 GMT

Goldman Sachs and Morgan Stanley downgraded to neutral

Goldman Sachs Group Inc. and Morgan Stanley both were downgraded at J.P. Morgan Cazenove to neutral on Wednesday. J.P Morgan explains the cut by citing proposed rules for banking institutions that may lead to higher capital requirements. The proposal implies assigning risk weights without using credit rating agencies ratings. In effect, Morgan Stanley and Goldman Sachs may face from 10%

Wed, 25 Jan 2012 13:24:04 GMT

Loonie little changed against greenback

Canadian Dollar traded close to flat against its US peer on Tuesday as the growth of country's retail sales slowed in November indicating declining public demand. Retail sales added 0.3% in November compared to 0.9% surge in October. Canadian currency depreciated 0.01% to C$1.0090 in Toronto evening session. Currently USD/CAD is trading at C$1.0104. 

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