Gold fell after Greek comments

Note: This section contains information in English only.
Source: Forexpros
Gold declined during Asian trade on Wednesday as recent announcement of Lucas Papademos, former Greece's PM, that the possibility of Greece leaving the Euro Zone still remains weighted on the risk-appetite among investors. COMEX gold June contract traded at 1,566.35 US Dollars per troy ounce on the New York Mercantile Exchange, losing 0.64%.


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Wed, 23 May 2012 07:38:44 GMT

IMF calls for further rate cuts in the UK

The IMF reported that persistent weakness of the UK's economy means that officials have to consider more QE measures and further reduction of the interest rates. In case currently implemented budget cutting plan slows growth essentially, the country has to delay it, the IMF added. The easing measures may create inflationary pressure but the IMF suggestion came after UK inflation

Wed, 23 May 2012 06:59:44 GMT

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