Gold gains as haven demand spurred by disappointing U.S. data

Source: Bloomberg
Gold advanced on Friday trading session and was set to record its largest weekly gain since last October as demand for safe-have assets rose after U.S. government showed that retail sales in the country dropped last month. Bullion for settlement in February added 0.6% to $1,310.70 an ounce and was last seen at $1,309.18 as of 3:21 p.m. Singapore time.

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Fri, 14 Feb 2014 09:55:53 GMT

Chinese shares gain led by drugmakers

China's shares increased on Friday with the Shanghai benchmark index reaching its first weekly advance in a five-month period as the gain was led by drugmakers and consumer companies overshadowing fall of financial stocks. The Shanghai Composite Index surged as much as 0.8% to 2,115.85 and it has jumped 3.5% this week.

Fri, 14 Feb 2014 09:55:23 GMT

Japanese stocks retreat as insurers drop

Japan's shares declined on Friday trading session with the local benchmark stock index Topix erasing its increase recorded this week and capping a 6th week of drops mainly due to a slide of consumer lenders. The Topix Index fell 1.3% to 1,183.82 in Tokyo reversing previous advance of 0.8% and falling by 0.4% this week.

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