Asian shares hit one-month low

Asian stocks hit a one-month low this morning. The Euro stays steady as global markets waited for hints on further US economic stimulus in Federal Reserve Chairman Ben Bernanke’s address at Jackson Hole tomorrow. Euro/USD is steady at 1.2543 and there is small changes in other currency pairs. Brent crude is staying above 112 with NYMEX dropping to 95 USD a barrel. Gold is trapped in a tight trading range between 1655 and Monday’s 4-month high on 1676.  If Bernanke’s address  misses to give  clear signals for a new round of quantitative easing, both gold and silver would come under sell pressure.
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