Gold rises as U.S. GDP is forecast to accelerate

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Source: Bloomberg
Gold gained on Friday trimming its second weekly fall before a government data showed that payrolls in the U.S. declined in October, but the U.S. GDP grew faster suggesting that the Federal Reserve may scale back its stimulus sooner than expected. Bullion for delivery in November advanced 0.3% to #1,311.13 an ounce and traded at $1,310.18 as of 2:20 p.m. Singapore time.

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Fri, 08 Nov 2013 12:29:10 GMT

Corn drops as U.S. government may raise production estimates

Corn traded in Chicago declined on Friday falling for an eight day and traded close to its lowest level in three years amid speculations that the U.S. government may raise its production estimate in today's USDA report. Corn for delivery in two months slipped 0.2% to $4.195 a bushel and traded at $4.20 as of 1:53 p.m. Singapore time.

Fri, 08 Nov 2013 12:07:11 GMT

Asian currencies drop this week as Fed may tapper off

India's Rupee declined on Friday together with the majority of Asia's most-traded currencies this week amid concerns that the Federal Reserve may scale back its stimulus sooner than forecast reducing demand for emerging-market assets. The Indian Rupee fell 1.5% to 62.66 per U.S. Dollar this week by 2:03 p.m. Mumbai time, while the Indonesia's Rupiah slipped 0.7% to 11,415 and

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