Gold advances on Cyprus problems

Source: Bloomberg
Gold immediate delivery price was higher by 0.3% to $1,596.95 in the beginning of Singapore trading session on Monday. Previously the price jumped 1.1% to $1,608.60 and the commodity was the most expensive since 27th of February. Cyprus problems pushed gold to a $1,600 benchmark, but physical purchasing, which was supporting gold's price in recent weeks, disappeared at these levels.
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Mon, 18 Mar 2013 12:24:08 GMT

Unemployment in Hong Kong unchanged

The Census and Statistics Department reported on Monday that Hong Kong unemployment rate remained stable in the last month. The unemployment rate stayed at the seasonally adjusted level of 3.4% during the three last months, compared to the preceding three-month period. In the period November—January, however, it fell to 1.5%.

Mon, 18 Mar 2013 13:19:06 GMT

WTI drops amid levy by Cyprus on savings

West Texas Intermediate oil declined on Monday falling from its highest level in three weeks after the Eurozone's finance ministers decided to raise 5.8 billion euros by putting a levy on Cyprus bank savings, which brought worries about recovery in Europe. April WTI oil futures decreased $1.31 to $92.14 a barrel on the NYME after climbing to $93.45 on March

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