Gold spot is very close to a 9-month low

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Source: Bloomberg
© Scanpix/RS

Gold spot showed small changes in Singapore trading hours on Tuesday, as price was at $ 1,684.85 an ounce. However, the price has rebounded from yesterday's $1,672.75 level, which was the lowest point since 31st of August. Investors are concerned about the U.S. presidential election, as the new president might change U.S. monetary and fiscal policy in the next four years in the world's largest economy.

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Tue, 06 Nov 2012 10:44:18 GMT

German two-year notes surge ahead of factory report

Germany's two-year notes gained for the fifth consecutive day as economists forecast a report to show factory orders in the nation decreased in September. The yield on two-year note fell 0.01 percentage point to -0.014 percent, meaning the investors will yield less than they paid for the securities. The zero percent security maturing in September 2014 increased 0.01, or 10 cents per 1,000-euro face

Tue, 06 Nov 2012 10:22:17 GMT

Futures on European Stock-index advance prior to presidential election

Contracts on European stock-index gained on today's presidential election. Euro Stoxx 50 Index futures surged 0.2% to 2,520, while futures on U.K.'s FTSE 100 Index rallied 0.2%. Investors are staying on the sidelines until the new president is elected to be sure of the future political scene. Other data, such as leadership change in China and decisions on the interest rates from BOE and ECB,

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