Gold swings between gains and drops on Wednesday

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Source: Bloomberg
Gold traded in London went through gains and losses on Thursday heading for the second drop in a quarter after holdings in ETPs decreased 6.9% in the first three months of 2013 and as investors weighted the Eurozone's financing crisis betting on U.S. recovery. March Gold futures declined 0.1% to $1,603.88 an ounce at 10:14 a.m. in London following a 0.2% climb and a 0.1% drop on Thursday.

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Thu, 28 Mar 2013 12:51:09 GMT

UK stocks move higher on mixed data

UK stocks are trading in green territory on Thursday after the UK Gfk consumer confidence unexpectedly remained unchanged in February, while experts had predicted a decline. However, weaker-than-expected data from the national housing market capped gains. The UK's Nationwide house price index remained unchanged, defying forecasts of a 0.2% increase. The FTSE 100 Index jumped 0.78% and is trading at

Thu, 28 Mar 2013 14:22:07 GMT

Pound rises versus Euro amid Cyprus concern

The British Pound appreciated to its highest level in a two-month period against the 17-nation currency on Thursday as demand for the Sterling as a haven asset rose amid concerns about worsening debt crisis in Europe due to turmoil in Cyprus. The Pound advanced 0.1% to 84.41 pence per euro earlier on Thursday after it climbed to a two-month high at 84.16 pence, it

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