Gold is traded at bear's market

Note: This section contains information in English only.
Source: Bloomberg
Gold spot price lost 6.2% to $1,483 an ounce last week, what was the biggest slide since December 2011. However, financial institutions, such as hedge funds, added more bullish bets on gold, net long positions increased by 19% in the week ended at 9th of April, as the precious metal market entered a bear's market. Also, investors are affected by Goldman Sachs comments, that the depreciation is accelerating after the longest rally in last nine decades.
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Mon, 15 Apr 2013 07:30:07 GMT

Gold hit 21-month low on Friday

Precious metals finished last week on the negative note as Wednesday's FOMC minutes raised concerns that the Fed may end its growth-boosting measures sooner-than-expected. However, disappointing numbers from the U.S. economy coupled with weaker greenback limited the downward trend. Gold closed near a 21-month low amid persistent decline in investment demand. Holdings in ETPs backed by the yellow metal dropped 2,406.16

Fri, 12 Apr 2013 16:28:05 GMT

Canadian Dollar slides on U.S. retail sales data

The Canadian Dollar, also known as kiwi, depreciated by 0.3% to 1.0136 per U.S. Dollar in the morning of Toronto trading hours on Friday. The kiwi lost its value against the U.S. counterpart for the first time this week, as sales data in the U.S was the worst in previous nine months. Sales were 0.4% worse in March, as in February

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