Bullion at almost highest in two weeks as stimulus are poised to be sustained

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Source: Bloomberg
Gold traded near the highest level in two weeks after predictions that lawmakers would continue to sustain their economies lead to a rise in demand for store of value. Spot gold reached $1,694.81 an ounce, the most since December 18. Bullion for February settlement remained almost unchanged at $1,686.80 an ounce, and there was seen a 12th year rise as gold ended 7.1% higher in 2012.

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Thu, 03 Jan 2013 08:29:55 GMT

Gold jumps after US fiscal deal

Precious metals rallied on Wednesday alongside with risk-assets after the US House of Representatives agreed on the budget for 2013, avoiding so-called fiscal cliff. The commodity group also found strong support on speculation that central banks across the globe will continue stimulus measures to boost  their economies. Gold followed riskier assets, jumping on encouraging news from the US. Moreover, investors

Wed, 02 Jan 2013 17:28:52 GMT

DAX

German equities rose, sending the DAX index to its five-year high, as the U.S. lawmakers agreed on a budget bill that halts the so-called "fiscal cliff". Yesterday, the U.S. House of Representatives passed the budget legislation. Experts say another compromise in February will lead to further rally in the stock market.The German DAX index edged 1.88% higher to 7,757.96, showing

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