Gold trades near 3-week high amid continued stimulus

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Source: Bloomberg
© Scanpix/RS
Gold swung between gains and losses on Wednesday and traded close to the strongest level in more-than-a-three-week period amid speculation that Fed may wait with scaling back its stimulus program until the next year as payrolls rose less than forecast. Bullion for settlement in October was at $1,340.10 an ounce as of 7:57 a.m. Singapore time after it touched the highest level since September 30 at $1,344.85 yesterday.

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Wed, 23 Oct 2013 08:49:05 GMT

Gilts rise as demand for safer assets increase amid U.S. stimulus

U.K. Gilts advanced on Tuesday pushing the benchmark 10-year government yields towards the weakest level since August as demand for less riskier assets increased amid less U.S. payrolls added in September rising concerns of continued stimulus. The 10-year U.K. bond dropped 11 basis points to 2.63% as of 4:37 p.m. London time, the least since August 27.

Wed, 23 Oct 2013 08:27:03 GMT

WTI falls as stockpiles rise by 3 million barrels last week

West Texas Intermediate crude declined on Wednesday falling for a third straight session after a government report showed that stockpiles in the world's largest consumer, U.S., advanced by 3 million barrels on the week ended October 18. December WTI futures fell 55 cents to $97.75 a barrel on the NYMEX and it traded at $97.87 as of 12:10 p.m. in

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