INFLATION

Gold fell for the first time in four sessions on Wednesday as the dollar strengthened against the euro and other major currencies.

Dollar drifted lower against the euro yesterday and closed at 1.5529 (1.5491)

Dollar eased against the euro yesterday despite an unexpectedly strong data from the US Service sector.

Dollar strengthened against the euro on Friday after government report showed the U.S. economy shed just 20 000 jobs in April fewer than economists had expected.

Copper futures recovered on Friday from a sell-off the previous day and but gained support by better than expected jobless data and factory orders in the United States. Prices also rose amid worries on short supplies from top exporter Chile.

Dollar strengthened against the euro yesterday as traders took profits on the European currency amid optimism that the Federal Reserve's

The dollar rose on Friday against an index of its largest rival currencies after U.S. economic data on Thursday raised expectations that the Federal Reserve would take a pause from its string of interest rate cuts.

Copper fell over 5 percent today as the dollar rose against the euro, diminishing demand for commodities used to compensate for inflation.

The dollar fell against major currencies on Wednesday after the Federal Reserve made an expected quarter point cut in its benchmark interest rate to 2 percent but left open the possibility to further rate cuts, raising concerns about inflation.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent.

China should continue to prevent inflation and overheating of economic development in the second quarter, especially to control rising prices and curb inflation, the State Development and Reform Commission (SDRC) said Tuesday.

Treasuries rose on Monday in light trading as bond investors expected a Federal Reserve cut in the benchmark interest rate later in the week.

Gold futures rose on Monday after crude-oil contract hit a new record, raising the appeal of precious metals as a hedge against inflation.

By Gary DorschIn the futures markets, crude oil is up 80% from a year ago, unleaded gasoline up 40% natural gas up 39%, Soybeans are up 83%, corn up 65%, wheat up 95%, sugar up 30%, Gold up 36%, and rough rice is 125% higher from a year ago

Sterling recovered against the broadly weak dollar yesterday after a Bank of England policymaker welcomed the bank's plan to free up market liquidity as a way to keep the BOE focused on inflation risks.

The dollar fell to a new low against the euro on Tuesday, crossing the $1.60 per euro mark, after European Central Bank officials signaled that growing inflation may force the bank to boost interest rates.

Copper prices rose on Tuesday as a labor strike in Chile's largest producer Codelco closed three mining divisions raising concerns that supplies would not be able to meet worldwide demand.

By P S ZiadMUMBAI: Gold is playing a decisive role in the present economic scenario as inflation and recession have eaten the vital parts of every country s economy.

By Bill BonnerAmericans could reap without planting. They could consume without earning. They could invest without saving, and spend as much as they wanted without running out of money

By Jon NadlerCommodities are in their seventh years of gains, with oil rising above $117 a barrel for the first time and rice rallying for a sixth day

MUMBAI: India's gold futures were higher on Monday as overseas markets rebounded after a sharp sell off on Friday, but analysts had mixed views about the trend for the day, reports Reuters .