Gold gained to highest level in six months as tension in Ukraine is escalating

Source: Bloomberg
Gold reached the highest level in half a year ahead of a referendum in Crimea on whether to leave Ukraine and as China's slowing growth prompted demand for a save haven. The yellow metal for immediate delivery gained 0.5% to $1,376.64 an ounce, the highest price since Sept. 10, and was set at $1,370.85 as of 2:39 p.m. in Singapore, advancing for a fourth day. Bullion is running for a gain of six weeks, the longest advance since August 2011.

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Fri, 14 Mar 2014 09:52:35 GMT

Aussie heads for weekly drop as China's economy slowing and Crimea holds referendum

The Australian Dollar is set for a weekly decline against the Dollar and the Yen as Chinese economy is slowing and ahead of a referendum in Crimea on breaking away to join Russia. Australia's currency contracted 0.3% to 90.05 U.S. cents as of 5:15 p.m. in Sydney from Thursday trading session, when it gained 0.5%. It fell 0.6% to 91.44

Thu, 13 Mar 2014 07:40:30 GMT

WTI fluctuates as China's factory growth eases

West Texas Intermediate crude fluctuated on Thursday trading session and traded near the weakest level in more than a month after a government data unveiled that manufacturing growth in the world's second largest economy slowed down. WTI for settlement in April fell 2% yesterday and slightly added 19 cents to $98.18 per barrel on the NYMEX as of 3 p.m.

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