Gold declines as Dollar jumps on Fed tapering speculation

Source: Bloomberg
© Scanpix\AFP
Gold was flitting between gains and losses as better-than-predicted U.S. employment report pushed the U.S. Dollar to the strongest level since July 2010 and fueled speculation that the U.S. Federal Reserve may taper bond purchases. Gold for immediate settlement remained flat at $1,223.53 per ounce in Singapore following a jump and decrease of 0.6%.
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Mon, 08 Jul 2013 10:10:06 GMT

Treasuries rise for the first time in 3 days

The yields on Treasuries decreased after 3 days of surging as some investors claimed that they offered higher value after reaching highest point in almost 2 years. The yield on 10-year U.S. government securities dropped 4 basis points to 2.71%. The relative strength index of 10-year yields stood at 73, which is considered to be an indication that a reversal

Mon, 08 Jul 2013 09:48:05 GMT

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