Gold futures advanced 0.8% during the Asian trade

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Source: Marketwatch

Gold futures edged up at the Asian trading hours signalling on the metal returning to its upward trend amid weaker USD. Gold futures for delivery in February advanced 0.8% to $1,579.90 an ounce during the electronic trade on Tuesday.

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Tue, 03 Jan 2012 09:59:44 GMT

South Korea increases crude oil imports on the Iranian issue

South Korea crude oil imports increased by 2.7% to 79.8 million barrels last month as country wanted to limit risk of the fears over the possible oil export disruption from Iran. Natural gas imports also increased by 91% to $4.33 billion. The country seeks exceptions in the National Defense Authorization Act that aims to impose sanctions against the Iran oil trade.

Tue, 03 Jan 2012 09:18:44 GMT

China's CPI is expected to ease further

China's inflation is expected to ease in 2012 amid weaker commodity demand and tough monetary policy. The CPI is likely to increase by 3.5% in 2012, according to report of the Bank of China. However, analysts urge the long-term inflation pressure will remain thus forcing the government to continue its prudent policies. The GDP is expected to expand by 8.8% this year after 9.1% increase

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