Gold prices rise before Fed outcome; silver jumps

Source: WBPonline
© Scanpix\AFP
Gold prices increased as investors expect the outcome from the Federal Reserve's two-day policy meeting, seeking for signs on when the bank may begin to reduce its bond purchases. Gold futures climbed 0.64% to $1,333.40 per ounce, adding to signs bullion has decreased over 20% this year. At the same time silver added 0.86% to $19.850 per ounce
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Wed, 31 Jul 2013 08:49:05 GMT

Asian shares drop ahead of Fed outcome, cutting monthly gains

Asian shares declined, with the regional benchmark index cutting its first monthly gain since April, ahead of U.S. economic growth report and the outcome of the Federal Reserve policy meeting. The MSCI Asia Pacific Index decreased 0.9% to 132.59. Japanese Topix index and the benchmark Nikkei 225 Stock Average both declined 1.5%.

Wed, 31 Jul 2013 08:20:07 GMT

Aussie near 3-year low on rate cut bets

The Australian Dollar declined versus the greenback to the lowest level in 19 days, as investors curbed demand for the Aussie on speculation that the central bank will cut borrowing costs at the Reserve Bank of Australia meeting on August 6. The Australian currency slipped 0.30% to $0.9035 versus the U.S. Dollar and fell 0.29% to A$1.4673 versus the Euro.

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