Gold fluctuates after losses

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Source: Marketwatch

Gold futures fluctuate between moderate gains and losses after sharp decline by USD130 for the last three days. The precious metal crossed the level of $1,600 first time since September. At the moment gold futures for February delivery traded at $1,586.70 an ounce on the New York Mercantile Exchange.

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Thu, 15 Dec 2011 16:02:38 GMT

Yields on 30-years German debt all-time low

The yields on the German's 30-year debt achieved all-time low approaching to 2.36%, reported TD Securities. German debt is considered to be the safest in Europe. The German yields are likely to fall further on the woes of the rest Euro Zone's members even despite concerns that Germany's credit rating may be downgraded, said Richard Gilhooly, U.S. director of interest-rate strategy at TD Securities.

Thu, 15 Dec 2011 16:01:59 GMT

US jobless claims hit the lowest level since 2008

The number of jobless claimants decreased essentially last week approaching to the lowest level since 2008 signalling on recovery of the US economy. The amount of the jobless claims tumbled by 19,000 to 366,000 on a seasonally adjusted basis. Experts predicted the claims would rise on a seasonally adjusted basis to 390,000.

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