Gold near eleven-month high amid Spain caution

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Source: Reuters
© Scanpix/Reuters

On Wednesday, gold was traded near an 11-month high, amid uncertainty over Spanish bailout plan and upcoming U.S. unemployment report. Spot prices for gold were little changed, being traded at $1,772.69 per troy ounce at 2:24 a.m. in New York. Earlier this week, gold hit a level of $1,791.20, which was the highest since November 2011.

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Wed, 03 Oct 2012 09:21:48 GMT

U.K. services sector expand less than forecast in September

U.K. service sector output advanced at a weaker-than expected rate in September, as economy posted the first net decline in employment in last ten months, Markit Economics said on Wednesday. The seasonalized Services Purchasing Managers Index dropped 1.5 points to 52.2, compared to 53.7 in August. Analysts had forecast a reading of 53.1."With no Bank Holidays until Christmas and the

Wed, 03 Oct 2012 11:22:46 GMT

Treasuries higher on upcoming service industry data

On Wednesday, treasuries were traded higher for the fourth day in a row, following the announcement of disappointing Chinese non-manufacturing data, and amid speculations that an upcoming report will show a similar decrease in the U.S. The yield on 10-year notes decreased 2 basis points, and reached 1.60% by 8:20 a.m. London time.

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