Gold fluctuates before Bernanke's speech in Congress

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Source: Bloomberg
© Scanpix/RS
Gold fluctuated on Wednesday amid speculation that the Fed may scale back stimulus before the Federal Reserve Chairman Ben Bernanke testifies in the U.S. Congress today. Spot gold swung between gains and losses and was traded at $1,377.23 an ounce as of 10:52 a.m. Singapore time following an increase of 0.3% and an yesterday's drop by 1.3%.

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Wed, 22 May 2013 08:54:04 GMT

Dollar weakens for third day against Euro before Bernanke speech

The U.S. Dollar was lower by 0.1% to 1.2923 per Euro by the midday trading session in Tokyo on Wednesday. The currency also depreciated 0.5% in last two days, as investors raised concern that Federal Reserve Chairman Ben Bernanake will maintain monetary stimulus and go in the line with Fed presidents from other regions, who officially annouced that bond buying

Wed, 22 May 2013 08:32:05 GMT

Emerging-market stocks advance led by consumer discretionary companies

Emerging-market shares increased on Wednesday led by consumer discretionary companies as Hyundai Motor Co. and Kia Motors Corp. drove the sector and as the BoJ maintains its monetary program before Ben Bernanke's speech taking place in the U.S. Congress today. The MSCI Emerging Markets Index gained 0.2% to 1,050.26 as of 12:54 p.m. Singapore time.

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