Gold futures appreciate after three days fall

Note: This section contains information in English only.
Source: Bloomberg
Gold futures for December settlement gained $3, or 0.2%, to $1740.70 in the beginning of London trading session. Metal price retreated first time in last three days, therefore some investors purchased it after price dropped the most in last few months yesterday. Although analysts say that gold price experiences pressure to move down due to a weak inflation data from China, but price currently found some base around the $1735 an ounce level.
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Tue, 16 Oct 2012 12:44:14 GMT

Inflation in the U.K. lowest in 3 years

The Office for National Statistics reported on Tuesday that British inflation declined to an almost-three-year low last month. The slowdown of inflation was mainly driven by surging electricity and gas prices during the year prior to September 2011. Annual CPI in the United Kingdom added 2.2% the last month, compared to a reading of 2.5% in the preceding month. Economists, however, predicted that inflation would be

Tue, 16 Oct 2012 10:10:19 GMT

S&P downgrades Spain's largest lenders

Standard & Poor's trimmed its credit ratings on Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain's major lenders, together with nine other banks after decreasing country's sovereign rating to BBB-/A-3 last week, S&P reported on Tuesday. The agency downgraded Santander's long-term counterparty credit rating from A- to BBB-.

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