Gold flat after speculation on Fed easing

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Source: Forexpros
Gold futures were flat during Asian trade on Tuesday despite speculation on probable Fed easing measures after pessimistic US labour market data. COMEX gold June contract traded at 1,643.55 US Dollars per troy ounce on the New York Mercantile Exchange, retreating 0.02%.


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Tue, 10 Apr 2012 13:48:51 GMT

Australian business confidence rose in March

Australian business confidence improved last month amid signs of recovery in the US and the EU, according to NAB business survey. The country's business confidence gained two points approaching plus three in March, implying that more companies were optimistic about economic perspectives than pessimistic. However, the confidence stayed low, being below its average value of plus six.

Tue, 10 Apr 2012 13:04:38 GMT

Crude oil slides amid demand worries

Crude oil futures declined for the second consecutive day on Tuesday after China reported fall in imports thus adding to the global demand worries. From the supply side, the commodity also lost its support as Iran entered negotiations with Western economies to resolve conflict regarding its nuclear programme. Light, sweet crude oil futures for May delivery traded at 102.16 US

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