Gold flat ahead of Italian debt auction

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Source: Forexpros
Gold prices were almost unchanged in European morning session ahead of Italian bond auction due later in the day. Escalated worries about financial instability in Spain and looming Greek elections continued to influence investors' sentiment.  COMEX gold August contract traded at 1,622.05 US Dollars per troy ounce on the New York Mercantile Exchange, rising by 0.15%.


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Thu, 14 Jun 2012 11:09:53 GMT

U.S. consumer prices experienced its first drop in two years

The U.S. living costs experienced its first drop in two years in the month of May due to the decline in oil prices; reinforcing Fed's anticipations that lower-priced commodities may facilitate lower inflation. According to Bloomberg News survey, the consumer price index declined 0.2% in May. The reduced prices in energy could ease the situation in the U.S. in terms of its labor market and

Thu, 14 Jun 2012 12:04:44 GMT

Nokia reduced 10,000 jobs as losses grow

Nokia cut 10,000 jobs as losses in Q2 from its mobile operations are likely to be larger than initially estimated. The company also will implement structural changes worth about 1 billion Euros. The decision was difficult but it is the only way to ensure competitiveness in long-run, said Stephen Elop, the CEO of the company. Meanwhile, Nokia shares lost  about

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