Gold falls as investors go bearish in ETPs

Source: Bloomberg
Gold declined on Monday as holdings in the fourteen largest gold-backed exchange-traded products dropped the most in 32 years falling by 32% to 1,813.7 metric tons this year, while last year ETP gold investments recorded $148 billion, the highest increase since 2001. Gold for immediate settlement traded at $1,234.6 an ounce as of 12:32 p.m. Singapore time, 36% less from September 2011.

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Mon, 16 Dec 2013 11:14:03 GMT

U.S. shares drop before Fed's policy meeting

Wall Street shares declined on Monday pushing the benchmark indexes down from their all-time highs before tomorrow's policy meeting of the U.S. Federal Reserve that may bring a monetary easing scale-back. The Standard & Poor's 500 Index shed 0.5% to 1,759.80 as of 12:51 p.m. Hong Kong time, while the Down Jones industrial average lost 0.4% to 15,633.

Mon, 16 Dec 2013 10:45:03 GMT

Asian gauges fall as manufacturing in China slows down

Stock-indexes in Asia recorded declined on Monday with the regional gauge falling to the lowest level in three months as manufacturing in China declined last month and before tomorrow's policy meeting of the U.S. Fed.  Japan's Topix fell 1.3%, the Australia's S&P/ASX 200 Index slipped 0.2%, the New Zealand's NZX Index added 0.4%, the Hang Seng Index shed 0.5% and

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