Gold spot price steps higher

Source: Bloomberg
© Scanpix/FP
Gold spot price increased by 0.2% to $1,713.12 an ounce in Asia trading hours on Wednesday. However, in October gold price has decreased by 3.4% and that was a first negative price performance since May, as traders' reserves in bullion-backed products reached a record level. According to analysts, market has little bit overpriced gold with quantity easing expectations and now the price slips back to the level where it should be.
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Wed, 31 Oct 2012 09:22:07 GMT

European stocks gain on German data

On Wednesday, European stocks were rising during European morning trading hours, extending yesterday's rally, after the release of data which showed an increase in German retail sales. The Euro Stoxx 50 climbed by 0.64%, French CAC 40 gained 0.58%, while German Dax 30 added 0.63%.

Wed, 31 Oct 2012 10:07:02 GMT

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