Gold futures seesaw on weaker greenback

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters
Gold futures fluctuated on Thursday, gaining support near $1,700 per ounce after declining more than $50 during the past week, as the U.S. Dollar depreciated. December delivery futures advanced 0.4% to $1,709.10 per ounce. Same month silver surged 1%, copper rose 0.2% and palladium jumped 1.3%. January platinum futures soared 1%. The ICE Dollar Index slid to 79.8750 from 79.932.
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Thu, 25 Oct 2012 07:29:42 GMT

New Zealand holds interest rates at 2.5%

On Thursday, Graeme Wheeler, a new chief of the New Zealand's central bank, announced that the bank would maintain its benchmark interest at a record low of 2.5%, as strong currency hurts the country's exports, which are accounted for about 30% of GDP. The decision was in compliance with economists' expectations.

Thu, 25 Oct 2012 07:57:48 GMT

Treasuries decline ahead of seven-year auction

U.S. Treasuries slipped for a second day on Thursday ahead of a $29 billion seven-year auction and a report forecast to reveal increase in durable goods. The 10-year yield rose 2 basis points to 1.81%, while the price of the 1.625% debt maturing in August 2022 dropped 6/32 to 98 10/32. The U.S. sold out $35 billion of two-year notes

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