Gold gains as investors weight government shutdown and stimulus

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Source: Bloomberg
© Scanpix/RS
Gold futures gained on Wednesday trading session after they were traded near the lowest level in an 8-week period as investors weighed the outlook for the U.S. Federal Reserve's stimulus package after the U.S. government shut down partially for the first time in 17 years. Bullion for delivery in October advanced 0.5% to $1,293.60 an ounce and was traded at $1,292.41 as of 2:10 p.m. Singapore time.

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Wed, 02 Oct 2013 08:52:05 GMT

Italy's 10-year yields fall before government confidence voting

Italian government bonds gained for the second straight day on Wednesday as the country's Prime Minister Enrico Letta was expected to save the government in a confidence voting taking place today after Silvio Berlusconi said he would back Letta. Italian benchmark 10-year yields dropped 2 basis points to 4.40% as of 8:07 a.m. in London.

Wed, 02 Oct 2013 08:30:04 GMT

Canadian Dollar falls versus Aussie

The Canadian currency dropped versus the Australian Dollar as the U.S. officials could not find compromise and that has led to first partial government shutdown in almost two decades. Canada's Dollar fell 1% to 97.02 cents per Aussie as of 5 p.m. Toronto time, while the Loonie slid 0.1% to C$1.0322 per U.S. Dollar.

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