Home » gold » Prediction Spot Gold held steady april 19 2012

Wednesday, April 18, 2012

Prediction Spot Gold held steady april 19 2012

Prediction Spot Gold held steady april 19 2012 , gold prices april 19 2012, how will gold prices go today april 19 2012 : gold futures april 19 2012 ; Gold held steady on Thursday, after posting its fourth straight session of losses as worries about Spain's debt problems weighed on the euro and the appetite for risk, with investors focusing on a key Spanish debt auction later in the day.

FUNDAMENTALS
* Spot gold was little changed at $1,641.19 an ounce by 0034 GMT.
* U.S. gold gained 0.2 percent to $1,642.30.
* Concerns about Spain's finances and banking sector pushed up safe-haven U.S. Treasuries and German Bunds, ahead of a debt auction in Madrid later in the day.

* Spain should take a rise in its bond yields as a spur to tackle the root causes of its debt woes, not look to the European Central Bank to help by buying its bonds, ECB policy maker Jens Weidmann said.

* China's central bank has pledged to increase reverse repo operations and cut the reserve requirement ratio to increase liquidity supply "at an appropriate time", said the official Xinhua News Agency.

* South African miner Gold Fields, the world's No. 4 gold producer, increased the initial investment for its Peruvian Chucapaca project to $1.2 billion, the company's vice president for South America told Reuters on Wednesday.

MARKET NEWS
* U.S. stocks slipped on Wednesday, a day after Wall Street's best gains in a month, as uninspiring earnings from tech bellwethers IBM and Intel gave investors a reason to take profits.

* Commodity currencies received a shot in the arm on Thursday on hopes China will soon ease policy, while the euro looked set to stay subdued as debt-laden Spain prepares to raise more money in the bond market.

DATA/EVENTS
0800 Italy Industrial orders, sales Feb 1230 U.S.
Jobless claims Weekly 1400 U.S.
Existing home sales Mar 1400 EZ Consumer confidence April 1400 U.S.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)