Gold rises as U.S. Dollar's appreciation stops

Source: Bloomberg
© Scanpix/Reuters
Gold gained, prolonging its first back-to-back weekly rally in four months, as the U.S. Dollar's strengthening stopped and the outflows in investor stakes slowed. Spot gold rose 0.7% to $1,397.90 an ounce and was at $1,395.95 as of 2:08 p.m. Singapore time. The yellow metal for August delivery rose 0.2% to $1,395.30 an ounce on the Comex, New York.
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Mon, 03 Jun 2013 08:38:46 GMT

Yen extends three-day advance versus U.S. Dollar

The Japanese Yen extended a three-day advance versus the U.S. Dollar as regional shares fell on worries that the Fed may reduce the stimulus. The Japanese currency appreciated 0.1% to 100.33 per Dollar at 7:52 a.m. London time after gaining 1.9% in the last three sessions, while the Yen traded at 130.64 per Euro.

Mon, 03 Jun 2013 09:02:25 GMT

Asian shares decline as U.S. data improve

Asian shares declined after regional benchmark index fell for a third day in a row as the improving U.S. economic data raised worries that the Fed will wind down the stimulus. The MSCI Asia Pacific Index dropped 0.8% to 133.76 at 1:22 p.m. Tokyo time. Japan's Topix index slipped 2.3%, while the Hong Kong's Hang Seng Index gained 0.5%.

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