Gold falls in London amid bets stimulus will be reduced

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix\AFP
Gold declined in London amid bets the Federal Reserve will scale back bond purchases. Gold for immediate settlement retreated 0.3% to $1,309.48 per ounce, while silver plummeted 0.1% to $20.2475 per ounce. Gold ETP holdings slipped 0.1% to 1,946.917 metric tons yesterday, the lowest level since May 2010.

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Fri, 09 Aug 2013 14:03:04 GMT

WTI jumps 1% following China's industrial production report

WTI futures gained 1% as China posted its industrial production report which overshot estimates, increasing expectations for higher demand for the oil. WTI futures rallied 1.07% to $104.51 per barrel, with the European benchmark Brent declining 0.68% to $107.41 per barrel. Chinese industrial output climbed 9.7% in July, beating analysts expectations of a 8.9% rise.

Fri, 09 Aug 2013 13:41:11 GMT

Russian economic growth probably accelerated in Q2

The growth rate of Russia's economy most likely accelerated, while it failed to do so for the last six quarters. According to Bloomberg economist survey, GDP gained 2% in the second quarter from a year earlier. The growth most likely was still mainly driven by household consumption. The official GDP report will be published later today.

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