Gold In Euros hits Record, Debt Crisis in Focus.
Gold denominated in euros rose to a third consecutive record high on Wednesday, as Europe's spiralling debt crisis prompted a broad investor push into bullion that drove the price of the metal to all-time peaks in dollars and several other. Source :- Reuters
Crude Retreats From Three-Day High in New York Before U.S. Supply Report
Oil fell from a three-day high in New York on speculation that growing U.S. supplies may signal slowing demand for fuel. Futures reversed earlier gains as investors bet that stockpiles in the U.S. fell less than analysts predicted, after the American Petroleum Institute said yesterday crude inventories rose for the first time in six weeks. Analysts in a Bloomberg News survey had forecast supplies shrank before the Energy Department’s report today in Washington. Source :- Bloomberg
