Gold gains momentum on weaker dollar and market expansion speculation

Note: This section contains information in English only.
Source: WBP Online
Bullion for December delivery jumped 0.73% to $1,317.70 an ounce this morning on New York's Comex, as U.S. Dollar index weakened and speculation on expanding global market among traders, after reported increase of Supply Management's PMI index to 55.4 point in October, edged up precious metal futures. Meanwhile silver futures advanced 1.35% to $21.930 an ounce.
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Thu, 07 Nov 2013 07:21:03 GMT

Asia's stocks drop before payrolls and ECB meeting

Asian stocks declined on Thursday before a government data showed that payrolls in the U.S. declined raising investors' expectations of the Federal Reserve stimulus scale back and as the European Central Bank is likely to maintain its rates unchanged.  The MSCI broadest Asia-Pacific gauge outside Japan slipped 0.4% after staying flat on Wednesday.

Wed, 06 Nov 2013 15:49:04 GMT

Eurozone retail sales in September dropped more than expected

Retails sales in Eurozone declined 0.6% in September, missing analysts' forecast of 0.4% decrease, the Eurostat said, while the retail sales on annual basis added 0.3% in September. The GDP's estimated 0.4% decline in Eurozone, together with nation's debt-to-GDP ratio at 93.4% and record high unemployment rate of 12.2%, are most likely to be the reasons for such market reaction

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