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Sunday May 20th 2012

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‘UK Shares’ Archives

Gold Ends Higher on Eased Concerns over Europe’s Banking Sector

Author: admin Published: May 12th, 2012

Gold futures gained on Thursday in reaction to eased tensions over the European banking sector. Moreover weak US economic data kept the greenback under pressure which eventually supported the commodities.

Gold futures contract for June delivery gained 0.1 percent or $1.30 to settle at $1,595.50 per ounce on the Comex division of the New Y Read more …

Category UK Shares |

Oil Recovers on Weaker Dollar

Author: admin Published: May 12th, 2012

Crude oil futures recovered on Thursday after six consistent bearish sessions mostly backed by weaker greenback. The US dollar fell in reaction to unchanged US jobless claims in higher US trade deficit which made commodities less expensive for investors holding foreign currencies.

Crude oil futures contract for June delivery gained 0.3 pe Read more …

Category UK Shares |

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