Gold is likely to be bearish next year

Note: This section contains information in English only.
Source: Commodityonline

The three year trend for gold indicates upward movement; however, the recent price decrease of the yellow metal below its 200-day average for the first time since 2008 signals on probable ongoing fall of the commodity price. The market sentiment for gold may become bearish next year. Currently, the gold futures trading at USD1610.85 an ounce.

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Wed, 21 Dec 2011 17:08:02 GMT

Bank of Japan kept the interest rate steady

The Bank of Japan left its benchmark interest rate steady as it was widely expected and decreased its growth forecast. The interest rate remained between zero and 0.5%. The budget for exchange traded funds and corporate bonds purchases was also left unchanged at JPY20 trillion. After the data release, the Japanese Yen appreciated against the USD with pair USD/JPY currently trading at 77.75, 0.18% down.

Wed, 21 Dec 2011 17:07:38 GMT

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