Precious metals rally on the Iranian tensions and pessimism over the Euro Zone

Note: This section contains information in English only.
Source: Commodityonline

Gold and silver advanced following the reports on the ongoing Iran's nuclear development and negative headlines from the Euro Zone. Investors started to put money in silver and gold to limit the risks inherent to economic uncertainty. COMEX gold for January contract added $13.2 to $1579 an ounce and silver for January delivery edged up $0.245 to $28.12 an ounce.

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Tue, 03 Jan 2012 10:12:03 GMT

German bonds fall for a second straight day

German sovereign bonds declined for a second consecutive day after a rally in Asian markets reduced demand for safer assets as investors regained confidence that global growth can be sustained. Borrowing costs on 10-year German notes reached one-week high to 1.93% before nation's bond auction due tomorrow. Germany prepares to sell 5 bn Euros ($6.5 bn) of the debt tomorrow.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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