Gold rush is likely to continue

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Morgan Stanley reported today that gold futures are likely to be top gainer among all the commodities. As European turmoil continues investors tend to buy more yellow metal in order to save their wealth. There is a chance the gold price will set a historically high level in next years, said Peter Richardson, chief metals economist at Morgan Stanley Australia Ltd. Gold may achieve USD 2,200 an ounce in 2011, he added.

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Thu, 17 Nov 2011 15:24:39 GMT

Situation in the US labor market gets better

US Labor Department today reported a decrease in jobless claims by 5,000 to 388,000 in the last week being seven-month low.  Retail sales in US increased more than expected thus stimulating output. More output creates more demand for new employees. Decrease in layoffs might be a sign of US labor market recovery after severe downturn, said Omair Sharif, an economist at RBS Securities Inc.

Thu, 17 Nov 2011 13:49:27 GMT

US investments into China decreased

Investments from US into China's economy continued to fall in October because of changes in manufacturing activity, increasing costs of labor in China and overall economic slowdown in US. However, overall October's FDI into China went up by 8.75% to USD 8.33 billion. Investments from the EU increased by 1.05%.

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