Gold rises on fiscal cliff optimism

Source: Bloomberg
© Scanpix/RS
Gold recorded gains and rebounded from its three-month low as bearish bets of investors were stopped by optimism burst to the market after U.S. lawmakers proceeded in new budget talks to avoid automatic tax hikes and spending cuts. Gold rose 0.3% to $1,676.85 an ounce on Tuesday following a fall to its lowest level since the end of August at $1,661.10 yesterday.
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Wed, 19 Dec 2012 09:43:12 GMT

East Asia to grow faster than forecast

Global economy's weak performance did not stop the World Bank from increasing its growth outlook of advanced economies in the East Asia and Pacific as improving domestic demand is helping the countries contribute on global growth this year with nearly 40%. The region is projected to expand 7.9% in 2013 following a 7.5% acceleration recorded this year.

Wed, 19 Dec 2012 11:22:12 GMT

Wheat gains on signs of stronger import demand

Rural commodities except for wheat moved lower on Tuesday amid weak demand for US supplies. Grain and oilseed markets were dragged down by a cancellation of 420,000 tonnes of soybean orders from the US. Meanwhile, rising coffee and sugar production in Brazil continued to weight on softs. Weaker US Dollar and signs of better demand for wheat were the only

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