Gold declined on the US housing data

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Source: Forexpros
Gold futures were lower during volatile Asian session on Thursday as traders switched to the riskier assets as US Dollar even despite pessimistic existing house sales data. COMEX gold futures for delivery in April traded at 1,649.65 US Dollars per troy ounce on the New York Mercantile Exchange, easing down by 0.04%.


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Thu, 22 Mar 2012 10:08:31 GMT

Australia and China signed currency swap deal

The central bank of Australia and the People's bank of China have agreed on the currency swap deal. The move serves as new example of China's steps to internationalize its currency. The swap deal worth 30 billion Australian Dollars is expected to stimulate trade and investments between two countries, according to the Reserve Bank of Australia.

Thu, 22 Mar 2012 09:34:42 GMT

Crude oil eases down on concerns over reserves release

Crude oil futures edged down during the Asian session on Thursday amid reports coming from France that indicated possible oil reserves release in industrialized countries to curb inflation. Light, sweet crude oil futures for May delivery traded at 107.00 US Dollars per barrel on the New York Mercantile Exchange, falling by 0.26%.

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