Gold advanced as US easing hopes grew

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Source: Forexpros
Gold prices advanced in Asian trade on Thursday after Fed hinted on more accommodative policies as US economy needs additional monetary stimulus to boost growth. COMEX gold June Contract traded at 1,546.75 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.66% since opening.


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Thu, 17 May 2012 08:31:29 GMT

Asian stocks moved higher on Thursday

Asian stocks were mostly higher on Thursday after positive GDP data from Japan. Moreover, recent sell-off created dip buying opportunities for investors. Hong Kong's Hang Seng Index added 0.5% whereas Shanghai Composite Index climbed by 0.7%. Meanwhile, Korean Kospi and Japan's Nikkei Stock Average gained 0.4% and 0.1%, respectively.

Thu, 17 May 2012 08:09:30 GMT

Spain's borrowing costs may increase on Greek turmoil

The borrowing costs of Spain may rise during bond auction on Thursday as Greece's political uncertainty added to risk of further downturn in the region. The interest rate on four-year debt may surge to 5% as compared to 4% at the last auction. The PM of Spain said that borrowing costs may even grow to 'astronomical' level amid turmoil in

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