Precious metals extend downward trend

Note: This section contains information in English only.
Source: Marketwatch
Gold futures extended losses on Asian trading hours as US Dollar strengthened on European sovereign downgrades. April gold futures lost 0.39% or USD 4.90 to USD 1720.10 on Tuesday. Silver for delivery in April gave up 0.44% or USD 0.21 to USD 33.53. March copper traded flat at USD 3.84 a pound. Platinum for delivery in April fell 0.35% or USD 4.10 to USD 1,645.60.
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Tue, 14 Feb 2012 08:33:04 GMT

Crude declines on European rating cuts

Crude dropped from the five week record high on speculation US oil supplies are increasing and fuel demand may fade as Europe struggles with downgraded credit ratings. Oil futures to be delivered in March fell USD 0.54 to USD 100.37 per barrel. March Brent oil gave up USD 0.73 to USD 117.20 per barrel. 

Tue, 14 Feb 2012 07:42:43 GMT

Japan unexpectedly injects capital in economy

The Bank of Japan unexpectedly contributed JPY 10 trillion (USD 128 billion) to the asset purchase program and determined inflation target rate as country received criticism it does not react to economy contraction fast enough. The asset fund expanded JPY 30 million with a lending program worth JPY 35 million. BOJ set target inflation at 1.0%.

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