Gold trades near 5-month high amid Fed interest rates

Source: Bloomberg
Gold traded almost the same near the highest level in five months, since investors are weighting the outlook for US interest rates before the Fed's two-day meeting. The yellow metal for April settlement was at $1,291.20 an ounce as of 7:46 New York time on the Comex, after touching $1,307.80 on January 22, the strongest since August.
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Wed, 28 Jan 2015 22:13:03 GMT

Australian core inflation is surprisingly high

The cost of living in Australia increased more than expected, decreasing the need for the Cental bank to cut interest rates. According to the Statistics Bureau the core price level gauge increased 0.7% compared to the previous quarter, when the growth was equal to 0.3%.

Wed, 28 Jan 2015 21:51:03 GMT

Finance Minister of Germany states Greece should forget about reduction of debt

Wolfgang Schaeuble, Prime Minister of Germany, stated that Greece can forget about the reduction of their debt, since there is no tension on public finance for the following five years. After the European finance ministers meeting in Brussels, Schaeuble said that nothing changed for Greece's European creditors, even after Syriza victory in the January 25 Greek election.

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