Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce. Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz. Fed Chairman Ben Bernanke offered no …
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Gold inches up on weak dollar with eyes on ECB
* ECB to launch second 3-year financing operation on Wed * Gold-silver ratio drops to four-month low * Spot gold may rise to $1,797/oz -technicals * Coming up: U.S. consumer confidence, Feb; 1500 GMT SINGAPORE, Feb 28 (Reuters) - Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central …
Read More »Singapore’s budget to aid SMBs, silver generation
SINGAPORE–Small and midsize businesses (SMBs) and older workers are main beneficiaries of the country’s 2012 budget, which was formulated to restructure and upgrade the local economy while building an “inclusive society”. Revealed by Deputy Prime Minister and Minister of Finance Tharman Shanmugaratnam on Friday, this year’s budget showed that Singapore’s economy expanded by 4.9 percent in 2011. This figure was within …
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