Gold swings between gains and losses amid less stimulus

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
Gold futures fluctuated on Wednesday session due to concerns that the Federal Reserve will cut off its monthly bond-purchase programme before the end of 2013, however, the stimulus should stay intact until the end of this month. Gold for delivery in September rose 0.3% after it dropped 0.7% before it was traded at $1,325.65 an ounce as of 1:25 p.m. Singapore time.

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Wed, 25 Sep 2013 10:16:04 GMT

Won falls on concerns about intervention to slow gains

South Korean currency declined on Wednesday snapping a two-day gain amid speculations that policymakers may intervene to reduce gains as global demand for regional stocks spurred the Won to its highest level in eight months. The Won dropped 0.3% to 1,075.70 per U.S. Dollar at 10:02 a.m. Seoul time after it touched the strongest since January 25 at 1,072.31 yesterday.

Wed, 25 Sep 2013 09:53:04 GMT

WTI rises as stockpiles may fall to 18-month low

West Texas Intermediate crude increased on Wednesday snapping its four day losing streak before a data showed that inventories in the U.S., the world's largest consumer of the crude, declined 1 million barrels to the lowest level in 18 months last week. WTI futures gained as much as 0.6% after they dropped to their lowest level in a 8-week period

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