Gold climbed in Europe suuported by high Euro and Crude oil. Gold was up US $836.80 an ounce as Investors are showing interest in Gold as Hedge against Oil -led inflation.
Monthly Archive for August, 2008
Crude Oil rose to $ 119.25 a Barrel as Tropical Storm Gustav threatens to approach centre of the Gulf of Mexico
Us Dollar fell against all Major currencies of the world after Mr. Alex Weber, member European currecy bord said its premature to discuss Interest rate cut. The Canadian dollar appriciated 0.4 percent.
Euro Rose against US $ on the remarks of Mr. Axel Weber a member of European Central Bank, saying its premature to discuss reduction of Interest rate.