Gold rallies with commodities ahead of EU summit

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Gold advanced for a second day, rising alongside other commodities, ahead of EU leaders' summit this week on belief that Spain may obtain credit from the Eurozone rescue fund, and weaker U.S. Dollar. On Wednesday, spot gold added 0.3% to $1,753.53 per ounce and traded at $1,751.28, after a 0.6% climb yesterday. Cash silver and palladium gained 0.6% each, while spot platinum surged 0.6%.
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Wed, 17 Oct 2012 08:51:23 GMT

Australia leading index rises above trend in August

Australia's leading economic indicator surged above its long-term trend in August, for the first time in a year, Westpac and Melbourne Institute reported on Wednesday. The annually adjusted growth rate of the index was 3%, compared to a long-term trend of 2.7%. On monthly basis the index added 0.5% to 286 from 284.7 in July.

Wed, 17 Oct 2012 12:10:28 GMT

Corn edged up as US farmers may slow sales

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