Gold slides ahead of Fed meeting and as China's demand slows

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Source: Bloomberg
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Gold dropped on Wednesday after recording another loss yesterday amid higher U.S. Dollar as investors seem to expect the monetary stimulus program kept unchanged in the next few months at least after a two-day policy meeting of the Federal reserve and as China's demand slows. Bullion for settlement in October traded at $1,344.36 an ounce by 12:14 p.m. Singapore time after the yesterday's 0.6% slide to $1,345.05.

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Wed, 30 Oct 2013 10:17:04 GMT

Aussie, Kiwi Dollar fall as New Zealand's rating may be stripped

The Australian and New Zealand's Dollar decline on Wednesday with the Kiwi Dollar dropping to the lowest level in a four-week period as the rating agency Moody's Investors Service considers stripping the country's top credit rating. Kiwi traded at 82.62 U.S. cents as of 5 p.m. Sydney time after touching 82.13, the lowest since October2, while Aussie traded at 94.91

Wed, 30 Oct 2013 09:44:04 GMT

China's equities amid economic measures and oil companies' profits

Chinese shares advanced on Wednesday rising the most in a seven-day period amid speculation that the nation's government may introduce measures in order to boost the economy and as oil companies showed quarterly reports. The Shanghai Composite Index rebounded from the lowest level in seven weeks gaining 0.9% to 2,147.76 as of 2:02 p.m.

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