Gold rises for second day in a row

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Source: Bloomberg
© Scanpix/Reuters
Gold climbed for a second day in a row as U.S. jobless data supported the Fed to continue with its monetary stimulus and on signs of risen demand after metal's prices decreased to the lowest in 14 days. Spot gold advanced 0.7% to $1,321.20 an ounce and traded at $1,314.66 as of 2:59 p.m. Singapore time. The yellow metal added 0.1% to $1,311.75 at the close on August 2, bouncing off from $1,283.30.
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Mon, 05 Aug 2013 10:37:09 GMT

Sterling fueled by positive PMI services

Pound jumped versus the greenback as strong construction and manufacturing report from Britain was posted. The Sterling gained 0.45% to $1.5354 versus the U.S. currency and added 0.34% to 0.8655 against the Euro, and remained steady at 151.12 versus the Japanese Yen. U.K. services advanced for the seventh month in July, as PMI increased to 60.2 last month, overshooting analysts

Mon, 05 Aug 2013 09:58:15 GMT

Euro rises following German services PMI

The common currency rose slightly versus its U.S. counterpart, as services Purchasing Managers Index in the Euro block's largest economy advanced less than forecast in July. The Euro climbed 0.08% to $1.3292 versus the greenback and fell 0.06% to 0.8679 versus the Sterling, and retreated 0.46% to 130.74 against the Yen. German final services PMI remained steady at 51.3 last

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