Gold edges higher

Note: This section contains information in English only.
Source: Forexpros

Gold prices found support in the failure of the EU financial officials to allocate EUR200 billion to IMF. The failure to allocate enough funds increased the concerns over the Euro Zone thus rising gold's appeal as safe haven asset. The gold futures traded at USD1,602.65 a troy ounce on the Comex division of the New York Mercantile Exchange, gaining 0.37%.

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Tue, 20 Dec 2011 12:38:32 GMT

Crude oil futures slightly higher but still below $95

Crude oil futures edged up during the electronic trade on Tuesday recovering part of the previous losses. On Globex, light, sweet crude oil futures for delivery in January added 57 cents to $94.45 during the Asian afternoon trade, gaining 0.6% since opening. The markets were affected by pessimistic economic outlook but the oil is pure exception having the largest number of net long positions thus

Tue, 20 Dec 2011 11:28:47 GMT

China increases investments in power

China invested about 620.7 billion yuan in power generation projects during this year that is 9.5% higher than in 2011, according to China Electricity Council. Despite expanding its power capacity by 66.27 million kilowatts, the power consumption of China still exceeds the supply, surging 11.85% in 2011 on a yearly basis.

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