Gold Second Day Rise

Note: This section contains information in English only.
Source: Reuters
On Wednesday,  spot gold rose 0.2% to $1,583.69 per ounce, expanding gains to a second session. The latest reports showed that U.S. and Eurozone were still in a downturn in July, which had advanced interest for gold. Gold is seen as "inflation hedge", excessive cash printing by central banks directly benefits its sales.
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Wed, 25 Jul 2012 14:52:36 GMT

German business confidence declines in July

German business confidence declined more than expected in July, falling to the lowest level since March 2010. The Ifo business climate index dropped from 105.2 in June to 103.3, representing a third consecutive decline, while economists expected a decline to 104.5. The main reason for such a sharp decline in confidence is deteriorating sovereign debt crisis, which damps economic growth

Wed, 25 Jul 2012 14:30:38 GMT

U.K. GDP unexpectedly declined 0.7% in Q2

According to the Office for National Statistics, the U.K. GDP unexpectedly slumped 0.7% in the second quarter, the biggest contraction since 2009, following a 0.3% contraction in the Q1, indicating that economy experiences recession. The U.K. economy shrank 0.8% on annual basis.    

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