Gold at one-week high

Source: Bloomberg
Gold rose over the $1,300 an ounce mark before the Fed's two-day meeting amid tensions in Ukraine and Gaza. Immediate delivery rose 0.3% to 1,308.06 an ounce and reached $1,312.27, the highest price since July 22. Geopolitical tensions should not boost demand significantly for the safe haven as market participants are waiting for the outcome of the meeting.
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Tue, 29 Jul 2014 12:35:13 GMT

UK shares rebound after two-day drop

UK stocks rose after a two-day decline with GKN Plc and Next Plc leading the way as their earning reports were better than expected. GKN leaped 6.9% due to a higher pre-tax profit and Next went up 2.5% after a positive forecast adjustment. Overall, the FTSE 100 added 18.66 points and rose to 6,806.73 in London.

Tue, 29 Jul 2014 10:25:16 GMT

Korea Won appreciates on exporter demand

South Korea's Won grew as exporters converted their overseas gains and the BoK reported current year's second-largest account-surplus. The Won appreciated 0.2% to 1,024.50 per dollar. Overseas sales and shipments from abroad are expected to rise in July from the previous year. The exports likely grew around 3.8%, whereas the imports climbed 1.5%. 

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