Gold heads for monthly fall as demand from China weakens

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Source: Bloomberg
Gold slightly gained on Friday trading session shrinking its monthly loss amid signs that the overall situation in the U.S. economy has improved pushing the stock market higher, while China's demand for the metal falls. Gold for delivery in May traded at $1,256.96 an ounce as of 2:22 p.m. Singapore time after it closed at $1,255.56 yesterday.

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Fri, 30 May 2014 09:56:03 GMT

Palladium rises on strikes in South Africa

Precious metals swung between gains and losses on Friday session with palladium rising towards the highest levels since August 2011 as strikes in South Africa continue and amid sanctions put on the Russian Federation. Palladium gained 0.2% to $837 an ounce, silver for May settlement traded at $19.0326 an ounce and platinum jumped 0.4% to $1,465.30 an ounce.

Fri, 30 May 2014 09:34:05 GMT

Wall Street records new all-time high

The U.S. shares closed higher on Thursday trading session with the benchmark stock index Standard & Poor's 500 hitting its new all-time high recording a new record high in three out of last four sessions. The S&P 500 Index gained 0.54% to 1,920.03, the Dow Jones industrial average added 0.39% to 16,698.74 and the Nasdaq Composite index climbed 0.54% to

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