Gold gains on stimulus expectations

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Source: Bloomberg
Gold sellers are the most active in five weeks after investors widened their bullion holdings to nearly all-time high amid increasing belief central banks will step up efforts to boost economic growth. Investors purchased around $850 million of gold in exchange-traded products in August, making the total of 2,411.7 metric tons, just 0.1% away from a record high posted July 5.
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Fri, 10 Aug 2012 07:40:17 GMT

Japan revised production data exceeds preliminary reading

Japan's industrial output increased a revised 0.4% on month in June, compared to a preliminary data of a 0.1% drop, reported by the Ministry of Economy, Trade and Industry on Friday. The data showed the first gain in three months, boosted by the higher than estimated before output of electronic parts and devices, as well as chemical products. Year-on-year production

Fri, 10 Aug 2012 17:59:18 GMT

Greek unemployment rate rocketed to a new record

The amount of unemployed in Greece reached a new record of 23.1 per cent in May from 22.6 per cent in the previous month, with more than half of the unemployed people aged between 15 and 24. In the meanwhile, no sign of improvement can be noticed in the near future, as Greece's government is planning to resign 40,000 public servants, in order to

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