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Showing posts from October, 2012

Asian and European trading sessions

American   trading   session : U . S .  Dollar :  The dollar pulled back sharply and covered all its early losses against the major currencies as risk appetite started to wane and the U.S. market indices moved to negative territory. The currency was also supported by the published data today that showed that the orders for durable goods rose by 9.9 % in September versus forecasts of increase by 7.5 % and after falling 13.1% in August. The rating agency Fitch confirmed that the negative outlook on the U.S. credit rating at AAA will be unlikely changed until the end of 2013. Gold :  Due to a significant increase in demand for gold in India, which is the largest importer of gold in the world and the fact that other investors started to enter to long positions being attracted by low prices, the Gold futures retreated from a seven-week low and were able to grow by $ 11.12 to $1717.80 per troy ounce on COMEX today. Silver :  November futures price of silver rose to $ 32. 26 on CO