Gold eased up ahead of EU meeting

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Source: Forexpros
Gold prices moved higher in European morning session on Monday on bargain buying after a decline last week. Investors also turned to the yellow metal ahead of EU summit that may result in closed fiscal ties among its members. Meanwhile, gold futures for delivery in August traded at 1,573.75 US Dollars per troy ounce on the New York Mercantile Exchange, rising by 0.45%.


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Mon, 25 Jun 2012 14:13:14 GMT

Silver moved up on stronger Euro

Precious metals were mixed on Friday as risk-aversion eased after the ECB announced it would relax collateral rules for banks to facilitate borrowing.Gold managed to climb by almost 0.4% as Germany, France, Italy and Spain have agreed on a 130 billion Euros package to boost growth. However, the upside was capped as Fed said that it is not going implement

Mon, 25 Jun 2012 13:39:14 GMT

Crude oil plunged below 80 US Dollars on demand worries

Crude oil prices dropped below 80 US Dollars per barrel in European morning trading on Monday as worries over the Eurozone financial instability rose. Traders also are cautious ahead of EU summit due to start later in the week. Light, sweet crude oil futures for August delivery traded at 79.28 US Dollars per barrel on the New York Mercantile Exchange,

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