Asian stocks gain on optimism U.S. will avoid fiscal cliff

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Source: Bloomberg
© Scanpix/Reuters
Asian stocks gained on optimism the U.S. will be able to avoid the fiscal cliff and as Japan's opposition party urged unlimited monetary easing. The MSCI Asia Pacific Index rose 0.8% to 124.05, with more than 3 shares gaining for each that declined. Japan's Nikkei 225 Stock Average climbed 0.8%, while the broader Topix Index gained 0.9% .
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Thu, 29 Nov 2012 08:49:42 GMT

Gold recovers on optimism fiscal cliff will be avoided

Gold recovered from the biggest decline in more than 3 weeks as investors holdings increased to a record and on optimism the fiscal cliff in the U.S. will be prevented. Gold spot gained 0.2% to $1,723.70 an ounce and traded at $1,720.38 at 1:52 p.m. Singapore time. The price fell 1.3% a day earlier, the biggest decline since November 2.

Thu, 29 Nov 2012 08:27:18 GMT

Aussie trades near 2-month high on U.S. budget deal optimism

The Australian Dollar approached the highest level in two months as equities recovered globally amid speculation the U.S. will prevent the fiscal cliff, spurring demand for risky assets. The Aussie traded at $1.0472 at 4:52 p.m. in Sydney from yesterday, when the currency rose 0.3%. It fetched $1.0490 on November 27, the strongest level since September 21. The Aussie was

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