China’s Stock Futures Gold Prices Outlook 25, feb 2011

China’s Stock Futures Gold Prices Outlook 25, feb 2011 : Gold futures rose, extending the longest rally in six months, as mounting turmoil in Libya spurred demand for an investment haven. Gold futures for April delivery gained $1.80 to settle at $1,415.80 an ounce at 1:30 p.m. on the Comex in New York. Oil rose as much as 38 cents, or 0.4 percent, to $97.66 a barrel in electronic trading on the New York Mercantile Exchange.

Libyan leader Muammar Qaddafi’s world was shrinking yesterday as a close adviser abandoned him, opponents consolidated their control of the country’s oil-rich east, and Switzerland froze some of his assets.

China may slow the pace of tightening “significantly” in coming months as policy makers are likely to need time to access the impact of the “intensive and aggressive tightening” measures introduced the past five months, Daiwa Securities Capital Markets Co. said in a report.

The political turmoil in some African countries and increased uncertainty about the global economy should make China “more cautious” about implementing further tightening measures, according to the report by Mingchun Sun, analyst at Daiwa. For the latest updates PRESS CTR + D or visit Stock Market news Today

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