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<< EXCHANGE NEWSWIRE, 21 July 2011 | U.S. Consumer Confidence Stagnates >>

Gold, Silver and Oil Trading Outlook

July 21 2011, 10:00

FMX|Connect- WWW.FMXConnect.com (Reported on 7/21/2011)

Gold, Silver and Oil Trading Outlook

Source: IBTimes.com

The macro-economic news was not entirely Bullish. The BOE left the Bank rate at 0.5% with a 7-2 vote in July. The central bank saw weakening in economic outlook in the third quarter and reiterated the stance that current inflationary pressures are temporary.

Policymakers also stated 'recent developments had reduced the likelihood that a tightening in policy would be warranted in the near-term'. Concerning the data flow, US existing home sales surprisingly slipped -0.83% to 4.77M in June, compared with consensus of a rise to 4.92M. To read the full article, Click Here.

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