Gold falls as USD started to weight

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Source: Forexpros
Gold futures declined during Asian session on Wednesday, erasing previous gains made due to upgrade of the global economic outlook by the IMF. Moreover, successful Spanish debt auction and a rise in the German sentiment index also supported the yellow metal in Tuesday's sessions. However, stronger US Dollar in Asian trading hours sent COMEX gold for delivery in June by 0.01% lower to trade at 1,650.95 US Dollars per troy ounce.
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Wed, 18 Apr 2012 11:42:09 GMT

IMF upgrades global expansion forecast

The IMF expects the overall economic growth to accelerate this year as the Euro Zone started to show signs of recovery after severe debt crisis. Moreover, US economic performance also improved. The IMF predicted the global economy to grow by 3.5% in 2012 as compared to the previous expectation for a 3.3% expansion. However, the fund stressed that another wave

Wed, 18 Apr 2012 10:41:35 GMT

Bank of Japan is ready for new monetary easing

The Bank of Japan reported that it is ready for more accommodative policy to boost economic activity and avoid deflation. It is necessary to readjust monetary policy to speed up sluggish recovery and increase further growth potential for curbing deflation, said Kiyohiko Nishimura from the BoJ. The Bank of Japan has to make efforts to achieve its target inflation rate

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