Gold heads for third weekly drop amid less stimulus

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Source: Bloomberg
Gold futures are set to record its third weekly loss as investors are seeking for higher-yielded assets amid speculation the Federal Reserve may begin pulling back its bond purchases as the economy recovers. Bullion for delivery in April was traded at $1,563.60 an ounce as of 2 p.m. Singapore time after it declined to the lowest in one week at $1,553.65 yesterday.

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Fri, 12 Apr 2013 11:30:03 GMT

France's current account gap narrows in February

French current account balance came in deficit in February from the month before, however, the current account gap narrowed, a data released by the Bank of France revealed on Friday. The data said the seasonally adjusted current account deficit shrank to 4.947 billion euros in February from January's level of 5.020 billion euros, while in February the current account gap

Fri, 12 Apr 2013 11:41:04 GMT

Nikkei down as yen strengthens

Japanese equities traded red on Friday as the Yen appreciated against the Dollar weighing on the blue-chip companies dependent on exports. The Nikkei 225 Index declined 0.5%, or 64.02 points, to 13,485.14, yet close to its highest value in 20 months. Japanese electric companies were among the top performers, as the utility sector surged 2.9%. Tokyo Electric Power Co Inc

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