Gold reaches a one-month high ahead lawmakers vote on debt ceiling

Source: Bloomberg
Spot price of gold was at $1.693.55 an ounce by midday in Singapore's trading session on Wednesday. Gold price was very close to a four-week peak at $1,696.28, as the U.S. lawmakers voting today on debt limit's suspension until 16th of May. The U.S. House of Republicans is scheduled to have a voting on temporary suspension of $16.4 trillion debt ceiling.
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Wed, 23 Jan 2013 08:59:23 GMT

Platinum soars on strong investment demand

Precious metals rallied on Tuesday after the BoJ announced an open-ended asset purchasing program and raised its inflation target by 2%. Sending the commodity group higher the US Dollar depreciated further on weak data from US real estate and manufacturing sectors. Gold advanced after the BoJ unveiled its stimulus measures. However, the gains were capped by an increase in gold's import

Wed, 23 Jan 2013 10:30:04 GMT

Japan stocks experience the longest losing streak in last two months

The Nikkei 225 declined by 1.8% to 10,516.97 points by midday Tokyo trading session on Wednesday. The major Japanese index experienced its first three-day loss since elections have ended. Japanese stocks declined as the Yen depreciates after the Bank of Japan announcement that it will implement open-ended stimulus only from 2014.

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