Gold prolongs decline ahead of Fed meeting

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Source: Bloomberg
Gold declined for the second day ahead of the U.S. Federal Reserve begins its policy meeting on Tuesday as investors gauged when the central bank will taper its quantitative easing. Spot gold retreated 0.4% to $1,379.26 per ounce and was trading at $1,379.96 in Singapore at 1:36 p.m., adding to signs the gold has fallen 18% this year.
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Tue, 18 Jun 2013 11:02:15 GMT

Oil prices advance before inventory data

U.S. crude oil futures prices advanced on Tuesday, before the weekly inventory data that are expected to fall in inventories. Crude oil for July delivery gained 0.3% reaching $98.01 a barrel. Oil prices slipped 8 cents on Monday after the report from Financial times indicated that the Fed's Bernanke plans to state they are close to winding down its stimulus programme.

Tue, 18 Jun 2013 10:40:13 GMT

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