Gold flat on the cautious markets after Greece deal

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Source: Forexpros
Gold prices were almost unchanged on Wednesday as speculation that the sum of the Greek rescue package is not enough to stabilize Greece's economy undermined investors' confidence. COMEX gold April contract traded at 1,758.65 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.01%.
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Wed, 22 Feb 2012 12:49:55 GMT

Japanese supermarket sales faced 1.2% drop in January

Japan's sales in the supermarkets decreased by 1.2% in January on a yearly basis, approaching JPY 1.125 trillion. The sales posted sixth yearly fall this month, reported the industry group. The pace of decrease accelerated last month from 0.6% decline in December. However, including recently opened stores, the revenue added 3.5% in January.

Wed, 22 Feb 2012 11:22:24 GMT

Western Australia plans to set up sovereign wealth fund

Western Australia plans to launch a state-owned investment fund in an attempt to invest profits from mining boom. The state, which is the owner of large mineral deposits, faced sharp growth in revenues due to strong demand from emerging Asian markets. The further details regarding sovereign wealth fund are expected to be announced in May.

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