Gold falls to two-year low amid Fed purchases, China worries

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix\Reuters
Gold was trading near its lowest levels in two years as investors weighed the outlook of tapered monetary stimulus by the Federal Reserve and slowing growth in China. Gold for August settlement advanced 0.9% to $1,287.90 per ounce, ahead of trading at $1,277.80. Cash bullion declined 0.4% to $1,276.73 per ounce.
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Tue, 25 Jun 2013 09:22:07 GMT

Pound advances second day against Dollar ahead of U.K. gilt auction

The Sterling rallied for the second day versus the U.S. Dollar before the Debt Management Office sells U.K. government gilts expiring in 2068 via banks. Sterling advanced 0.1% to $1.5454, following a decline to $1.5344 yesterday, the weakest level since June 5. The Pound was trading at 85.07 against the common currency.

Tue, 25 Jun 2013 07:40:07 GMT

German bunds climb after China credit squeeze spurs safety demand

German 10-year bunds advanced, after declining for four days in a row, following a concern the credit squeeze in China will dampen economic growth, fueling demand for haven assets. German 10-year bond yield declined three basis points to 1.78% and the 1.5% note maturing in May 2023 jumped 0.24 to 97.445.

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