Gold spiking from eight-year worst streak

Note: This section contains information in English only.
Source: Bloomberg
Bullion traders forecast prices to bounce back from the longest eight-year losing streak after mounting concern that the U.S. policy makers are not doing enough to supervise the budget deficit stimulates demand for a wealth protection. Gold dropped 1% to $1,647.35 an ounce, while it climbed 7.1% in 2012; presently it is poised for a loss for the six week, the weakest since May 2004.
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Fri, 04 Jan 2013 08:46:02 GMT

Won and Ringgit appreciate in Asia amid U.S. budget deal

South Korean's Won and Malaysia's Ringgit advanced in Asian currencies as the U.S. prevented $600 billion of spending cuts and tax increases, lowering the risk of the U.S. economy's recession. The Won advanced 0.6% to 1,064.53 per greenback, while the Ringgit gained 0.6% to 3.0457 and Thailand's baht rose 0.5% to 30.46, and the Asia Dollar Index increased 0.1%.

Fri, 04 Jan 2013 07:32:56 GMT

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