Gold futures added 1%

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Source: Marketwatch

US gold futures for December delivery increased by 1%, after declining in previous sessions.  Gold increase fully correlated with the dollar that dropped by 1%. Gold futures were fluctuating with resistance between $1,700 and $1,800 an ounce for a couple of weeks at the moment, after reaching more than $1,900 an ounce.

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Fri, 18 Nov 2011 14:57:35 GMT

ECB lending to IMF for bailouts is getting more probable

Proposal envisaging ECB provide loans to IMF to finance bailouts in Eurozone that is standing at the threshold of severe debt crisis attracting more and more attention, reports Dow Jones Newswires. Germany and ECB do not accept the measure but in view of growing threat of Eurozone's recession there may not be any other alternative than to approve the proposal.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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