The US Dollar gained advances against all the major currencies of the world, after Barrack Obama declared in a press conference that the leader of the AL-Qaeda, Osama bin Laden, has been killed in Pakistan. The USD-JPY exchange rate rose by 0.4064 percent to its value of 81.5220. The Euro-USD exchange rate dropped by 0.2006…Read more
May 2011
Gold and Silver Price Update- Prices Fall as Demand for Precious Metals Declines
Gold and silver both fell, as news about the mastermind of the 911 terror attacks, Osama bin Laden being killed in Pakistan spread in the market. Gold future fell by 0.39 percent to USD $ 1550.30 an ounce. The news about Bin laden’s death brought about an increase in the stock indexes in all the…Read more
Crude Oil Price Update-Oil Falls On News of Bin Laden’s Death
Oil prices fell today, after the US President, Barrack Obama, announced that the leader of the Al-Qaeda, Osama Bin Laden, has been killed while hiding in a safe house outside Islamabad in Pakistan. WTI crude future dropped by 0.91 percent to be at USD $ 112.89 a barrel, while Brent crude future dropped by 0.70…Read more