Gold drops on signs of physical purchases

Source: Bloomberg
Gold traded in New York increased on Friday reducing the largest monthly fall since June amid speculation that the Federal Reserve may curb its stimulus program on signs of gold physical purchases. Bullion for delivery in February advanced 1.1% to $1,252.10 as of 7:45 a.m. on the New York's Comex and it dropped 5.4% this month.

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Fri, 29 Nov 2013 17:35:03 GMT

Asia shares set to record first monthly drop since August

Asia's equities recorded a slight increase on Friday, however, the benchmark index for Asian shares was set to record its first lost in a month since August after the Australian government didn't accept a bid for of GrainCorp Ltd. takeover by foreign investor. The MSCI Asia Pacific Index added 0.1% to 142.01 as of 9:05 p.m. Hong Kong time.

Fri, 29 Nov 2013 17:02:03 GMT

Loonie falls against U.S. Dollar as Canada's GDP eases

The Canadian currency declined on Friday falling to the lowest level versus its most-traded peer, U.S. Dollar, before a government report showed that the gross domestic product of the country eased to 0.2% in September. The so-called Loonie traded at C$1.0581 per U.S. Dollar by 8:08 a.m. Toronto time following a drop to the weakest level since July at C$1.0603.

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