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Old 08-02-2011, 06:18 PM   #2
Bruce0p9y
 
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n Hong Kong.
"But overall, there are still bullish signs because there'sa lot of mess around the world, which can't be solvedCheapest Jerseys and116," saidLeung, adding that markets expected the Fed to keep interestrates low.
Financial markets are bracing for the conclusion at the end of June of the Fed's quantitative easing -- a cheap-money policycredited with boosting stocks but blamed for sky-highcommodities prices and a weak dollar.
The dollar index Cheap MLB Jerseys , which tracks the greenback'sperformance against a basket of major currencies Cheap MLB Jerseys , fell to aone-week low at 74.516 Cheap MLB Jerseys , well off last week's peak of 76.015. Itwas last at 74.738.
The Fed looks set to repeat its commitment to keepinginterest rates low for an extended period, while alsoreiterating its intention to continue reinvesting proceeds frommaturing bonds it holds back into the Treasury market.
Recent gains in gold were driven by debt problems in Europe,inflation fears in China following strong economic data andworries about a U.S. economic slowdown.
Greece's embattled government survived a confidence vote onWednesday crucial to avoiding a sovereign default, as thousandsof protesters chanted insults outside parliament.
Silver was steady at $36.35 an ounce, below a recordat $49.51 an ounce in April. Platinum and palladium were also steady.
The physical market barely moved Cheap MLB Jerseys , with main consumer Indiain a lean demand period during the monsoon season as farmersdivert their savings to agricultural equipment and fertiliserfor summer-sown, or kharif, crops.
Premiums for gold bars were steady at 60 to 80 cents to thespot London prices in Singapore and at between 80 cents to $1.30in Hong Kong.
"It's awfully quiet," said a physical dealer in Singapore.
In other markets, the Nikkei gained 1 percent, climbing fora third straight session after Greece's government survived theconfidence vote but players were cautious ahead of the outcomeof the Fed policy meeting.
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