Gold rally continues amid more stimulus by central banks

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Source: Bloomberg
Gold futures increased on Monday as the metal entered a bull market two weeks ago amid bets of hedge funds on further increase after central banks world-wide signaled more stimulus measures in order to boost the economy. Bullion advanced by 4.9% in the last two weeks and the gold futures jumped by 0.7% to $1,464.20 an ounce on the Comex last week.

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Mon, 06 May 2013 15:06:03 GMT

Italy's economic outlook downgraded by Istat

Economic outlook of Italy for 2013 was downgraded by the statistical office Istat amid weak domestic demand overshadowing positive contribution of demand from other countries, while total investments are expected to drop on negative economic sentiment. Italy's economy is forecast to fall by 1.4% in 2013, downwardly revised from a 0.5% fall projected in November.

Mon, 06 May 2013 14:44:04 GMT

Yen falls toward 100 per U.S. Dollar

The Japanese currency fell on Monday heading to a 100-per-U.S. Dollar level, while the Euro depreciated amid unfavourable data reported by the Eurostat showing weaker manufacturing output and lower level of retail sales. Yen dropped 0.3% to 99.32 per U.S. dollar as of 11:01 a.m. in London, the third straight decrease of the currency against the U.S. Dollar, and it

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