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SINGAPORE (Reuters) - Libya is exporting its first cargo of crude to Asia under a new government as the North African nation returns to normalcy following a months-long civil war.
THE United Kingdom Central Bank decided last week to re-introduce its bond-purchase programme worth £275bil to increase liquidity in financial markets.
GOLD prices soared to as high as 1752.30 regions last week amid strong conclusion of European Union (EU) Summit, broadly in line with market expectation.
GOLD prices traded narrowly from 1666.28 to 1710.00 last week. Eurozone crisis is still the spotlight of media news since Germany strongly opposes the creation of Euro bonds.
GOLD prices were bullish last week and rallied US$70 up to 1763.00 regions. Most of the rally can be attributed to the concerted effort by major central banks around the world to cut the swap rate, an attempt to keep fiat money afloat.