Gold trades at around 7-week low as investors evaluate stimulus

Source: Bloomberg
© RS
Gold traded near the lowest point in seven weeks in London, since investors scrutinise Fed's outlook on the monetary policy. Gold for immediate delivery gained 0.3% to $1,287.42 an ounce as of 9:40 a.m. London time, and reached $1,278.20 today, the weakest level since February 11. The yellow metal for delivery in June climbed 0.3% to $1,287.60 in New York during the Comex, when the amount of trading futures was 12% higher than the average for the last 100 days.
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Tue, 01 Apr 2014 16:14:05 GMT

Speculators lose $5.5 billion on Yuan bets

The Chinese currency slipped 2.4% against the U.S. currency last quarter, thus posting the biggest drop among the Asian currencies. The Renminbi has been gaining ground for almost a decade, but with the drop last quarter it has nearly erased last year's gain of 2.9% and the speculators lost $5.5 billion. 

Tue, 01 Apr 2014 15:30:06 GMT

Italy's jobless rate at record high in February

The Italian labour market recorded the highest unemployment rate all-time as the rate advanced further in the month of February, a report published by the statistical office Istat revealed on Tuesday. The report also showed that the country's jobless rate increased from a level of 12.9% in January to 13% in the following month.

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