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From Gold Market May 25, 2012 10:20 am
Global stocks, euro slip as Spain dims sentiment
Global stocks and the euro eased on Friday after the Spanish economic dynamo of Catalonia said it needed help to refinance its debt, adding to financial troubles in Spain, which is already weighed down by a capital-constrained banking sector.
From Gold Market May 25, 2012 10:18 am
Euro falls to near two-year low as Greece, Spain weigh
The euro tumbled to nearly two-year lows against the dollar on Friday, and remained on track for its worst weekly showing in five months, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the regional bloc.
From Gold Market May 25, 2012 10:15 am
Canada ups threshold for foreign-takeover reviews
The Canadian government will boost the threshold for reviewing foreign takeovers of Canadian companies to ensure it can focus on the biggest bids, Industry Minister Christian Paradis said on Friday.
From Gold Market May 25, 2012 10:13 am
Persistent Greek fears hobble European equities
Relentless worries over a possible Greek exit from the euro zone checked European stock markets on Friday after a brief rally following sharp losses earlier in the week, and traders said markets would remain volatile over the coming month.
From Gold Market May 25, 2012 10:12 am
Hong Kong shares suffer 3rd weekly loss, China weak too
Hong Kong shares rose 0.3 percent in lackluster Friday trade, but slumped to a third-straight weekly loss that pared 2012 gains to 1.5 percent, with the European debt crisis and slowing Chinese economy unnerving investors.
From Gold Market May 25, 2012 07:00 am
Bank of Russia To Buy “Considerable Figure" Of Gold Tonnage in 2012
Bank of Russia To Buy “Considerable Figure" Of Gold Tonnage in 2012
From Forex Technical Analysis May 25, 2012 04:12 am
Gold (XAU/USD) MACD Signal: Buy at 1.563,83 - Stop Loss at 1.552,39
Date: 25.05.2012 MACD Crossover at: 04:00 AM EST Signal: Buy Action: Market Order opened Stop Loss: 1.552,39 Take Profit: When the next crossover of the MACD line and the signal line occurs.
From Gold Market May 24, 2012 02:37 pm
Precious Metals Market Comments
Today's June gold futures traded a $25.80 range including a high of $1577.70 and a low of $1551.90. Traders and investors alike ay have seen yesterday's massive price dip as an "bargain buying' opportunity in spite a stronger U.S Dollar and news that the European Debt crisis is putting a strain on Germany which is the strongest economy in the Euro region.
From Gold Market May 24, 2012 08:39 am
EU urges Greece to stay in euro, plans for possible exit
European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program.
From Gold Market May 24, 2012 08:36 am
Weaker Euro Zone Economy Sends dollar Higher
The U.S. dollar climbed to a 20-month high and safe-haven German bonds set record low yields, after data showed Europe's economic woes intensifying as business confidence is undercut by talk of a Greek exit and slow progress in tackling the debt crisis.
