Gold trades near one-month low amid less demand

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Source: Bloomberg
Gold was traded close to the lowest level in a month after filings showed that Blackrock Inc. and George Soros reduced their exchange-traded products backed with the metal suggesting that demand is weakening as U.S. stocks rally to records. Bullion for delivery in May was little changed at $1,391.10 an ounce as of 3:04 p.m. Singapore time after falling to $1,387.30, the lowest since April 19.

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Thu, 16 May 2013 12:03:12 GMT

China's stocks rise led by financial companies and property developers

Chinese shares advanced by the most in a two-week period on Thursday led by financial companies and property developers after the regional benchmark was traded at the lowest level in more than three years. The Shanghai Composite Index gained 1.2% to 2,251.81 paring this year's fall to 0.8%, while the CSI 300 Index rose 1.8% to 2,552.71.

Thu, 16 May 2013 11:41:06 GMT

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The 17-nation bloc currency depreciated versus the U.S. Dollar for the sixth session, the longest streak of losses in a year as investors awaited a report showing slower-than-expected April's inflation in the region. The Euro lost 0.2% to $1.2861 as of 8:13 a.m. London time following a fall to $1.2843 yesterday, the lowest level since April 4.

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