Gold bounces off after falling to lowest in almost three years

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Source: Bloomberg
© Scanpix/Reuters
Gold gained from near to three-year low on bets that the drop may boost purchases; however, the yellow metal is still headed for its weakest week in almost 10 months. The bullion slipped 4.9% on Thursday; a day after the Fed's Bernanke said that U.S. central bank's monetary stimulus could be slowed down this year. Bullion prices touched $1,269.46 an ounce today, the lowest in almost three years.
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Fri, 21 Jun 2013 10:42:09 GMT

German shares recover following a sell-off

German shares recovered from the last sessions sell-off on Friday, after metals settled and investors looked out for bargains amid tapering concerns over China's credit crisis. The German benchmark DAX advanced 27 points to 7,956 on expiration of European futures and options contracts. The German leading economic index rallied 0.1% and was at 105 in April.

Fri, 21 Jun 2013 11:09:05 GMT

Germany's DAX Index gains

German shares advanced, with the benchmark DAX Index erasing its third straight one-week loss, on expiry of European equity-related options and futures contracts. The DAX Index gained 0.3% to 7,952.66 as of 10:33 a.m. Frankfurt time; however, the gauge is heading for a 2.2% decline weekly on speculations that the Fed could start tapering stimulus. The HDAX Index added 0.3% today.

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