Oil near 3-week high on Europe's bailout plan, Fed

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Source: Bloomberg

On Tuesday, futures for oil were traded close to 3-week high on expectations of further monetary stimulus in U.S. and concerns over Europe's bailout plan. On the NYMEX, October delivery futures for crude were traded at USD96.50 per barrel at 12:12 London time, which was a USD0.04 decline. Yesterday, the contracts grew to USD96.54, which was a 3-week high.

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Tue, 11 Sep 2012 13:26:47 GMT

Pound advances on trade data

The Sterling climbed to a four-month high against the U.S. counterpart after a report posted the U.K. trade gap narrowed in July amid surge in exports, adding signs the economy is coming out of recession. On Tuesday, the Pound rose 0.2% to $1.6021, after reaching $1.6037, the highest since May 15, and was little changed versus the common currency at

Tue, 11 Sep 2012 13:03:45 GMT

Gold gains amid Fed stimulus expectations

Gold advanced as investors await Fed's meeting at Sept. 12-13 and Ben Bernanke signaled a possibility of an additional round of quantitative easing. On Tuesday, gold for December delivery gained 0.1% to $1,734.10 per ounce in New York, while immediate-delivery metal surged 0.3% to $1,371.82 per ounce in London.

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