Silver set to record longest gain since 1968

Source: Bloomberg
Precious metals mostly increased on Monday session with silver heading towards the longest winning streak since 1968 after a government report showed that China's bank lending rose spurring demand for commodities. Silver for February delivery gained 2.2% to $21.9791 an ounce, platinum jumped 0.5% to $1,434.25 an ounce and palladium added 0.6% to $742 an ounce.

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Mon, 17 Feb 2014 11:12:35 GMT

Italian bonds surge as new Renzi cabinet to be formed

Government bonds of Italy jumped along with Portuguese and Spanish securities, as analysts think that a new Matteo Renzi's government will accelerate the pace of economic reforms. Experts see that Renzi will probably be more active than Enrico Letta was. On these news, 10-year Italian yields fell 0.04% to 3.64%, reaching the lowest level since February 2006.

Mon, 17 Feb 2014 10:43:24 GMT

Gold gains as haven demand rises

Gold increased on Monday trading session rising towards the highest figures in over three months after demand for safe-haven assets was boosted by speculation that the world's largest economy may recover slower. Bullion for settlement in February gained 0.9% to $1,330.03 an ounce, the strongest level since October 31, and was last seen at $1,326.25 as of 3:21 p.m. Singapore

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