Gold, oil, other commodities see increases 7-11-2012
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Breaking news Forex currency market, forex market GMT. Forex traders
Urgent and exclusive news about the trade and the latest news currency and
currency rates, explanations profit of Alfrux, SEC
Breaking forex news
Gold for December delivery increased US$31.80, or 2 percent, to finish at US$1,729 per ounce, its second consecutive day of gains. Oil jumped 3.5 percent and other commodities ended mostly higher.
Many traders were waiting for the results of the hard-fought race between President Barack Obama and Republican Mitt Romney. Analysts say the outcome could determine the future course of the Federal Reserve's economic stimulus measures, which have benefited commodities.
Once the election is settled, traders will shift their focus to a package of tax increases and spending cuts known as the “fiscal cliff” that will take effect unless Congress acts by Jan. 1. The European Central Bank also meets on Thursday.
A weaker U.S. dollar supported commodities prices. Since commodities are priced in greenbacks, a weaker U.S. unit makes them cheaper for traders who use other currencies like the euro.
Hello and welcome in a blog breaking news Alfrux
Breaking news Forex currency market, forex market GMT. Forex traders
Urgent and exclusive news about the trade and the latest news currency and
currency rates, explanations profit of Alfrux, SEC
Breaking forex news
Gold for December delivery increased US$31.80, or 2 percent, to finish at US$1,729 per ounce, its second consecutive day of gains. Oil jumped 3.5 percent and other commodities ended mostly higher.
Many traders were waiting for the results of the hard-fought race between President Barack Obama and Republican Mitt Romney. Analysts say the outcome could determine the future course of the Federal Reserve's economic stimulus measures, which have benefited commodities.
Once the election is settled, traders will shift their focus to a package of tax increases and spending cuts known as the “fiscal cliff” that will take effect unless Congress acts by Jan. 1. The European Central Bank also meets on Thursday.
A weaker U.S. dollar supported commodities prices. Since commodities are priced in greenbacks, a weaker U.S. unit makes them cheaper for traders who use other currencies like the euro.
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