Gold swings between gain and losses as U.S. debt talks fail

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Source: Bloomberg
© Scanpix/RS
Gold fluctuated on Monday and was traded above the lowest level in a three-month period as the debt limit talks between Barack Obama and congressional lawmakers brought no agreement after this weekend persisting the U.S. government shutdown. Bullion for delivery in October advanced 0.5% to $1,279.05 an ounce and slipped 0.3% afterwards to $1,270.81 as of 12:17 Singapore time.

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Mon, 14 Oct 2013 09:17:03 GMT

India's stocks gain as global economy improves

The Indian benchmark stock index advanced on Monday rising to the highest level in a month mainly due to a notable increase of software shares as improving global economy may boost their profitability and as factory production dropped. The S&P BSE Sensex gained 0.4% to 20,605.52 by 11:09 a.m. Mumbai time after it added 3.1% last week.

Mon, 14 Oct 2013 08:55:11 GMT

Aussie falls versus Kiwi as home-loan approvals drop first time this year

The Australian Dollar decreased on Monday extending its losing streak against its New Zealand's counterpart to the second straight day after a report showed that Australia's home-loan approvals declined to for the first time in 2013. The so-called Aussie fell 0.4% to NZ$1.1332 by 4:53 p.m. Sydney time following a 0.3% drop on October 11.

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