Gold drops on speculation that Fed may scales back

Source: Bloomberg
Gold slightly declined on Friday session and was set to end its series of weekly gains amid speculation that the Federal Reserve may continue to taper off as economic data signaled that the economy is improving. Bullion for delivery in January shed from yesterday's level of $1,242.39 an ounce and was last seen at $1,242.23 as of 9:28 a.m. Singapore time.

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Fri, 17 Jan 2014 11:02:09 GMT

Pound falls before retail sales report

The British Pound weakened on Friday trading session falling for the third straight day against the U.S. Dollar before a government report showed that retail sales in the United Kingdom advanced at a slower rate in December signaling that the country's recovery is easing. The Pound fell 0.2% to $1.6315 as of 9:04 a.m. in London.

Fri, 17 Jan 2014 10:40:12 GMT

Chinese economy to grow at slowest pace in 24 years

The economic growth in China in 2014 will probably be even slower than in the previous year, as foreign investment in country's manufacturing sector declines. Moreover, the overcapacity in this sector of China's economy puts additional negative pressure on the growth. As it is expected, economy added 7.6% in Q4 of 2013, while the median forecast for this year is

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