Gold cuts five-day growth as data may add to the case for reducing monetary stimulus

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Source: Bloomberg
© Scanpix/Reuters
Gold dropped from a three-month peak on Syria's tension as economic data from U.S. may add to the case for the Fed's tapering, also technical analysis showed an upcoming reduction in prices. Immediate delivery gold slid for the first time in six days 0.9% to $1,404.88 an ounce and stayed at $1,407.49 as of 2:51 p.m. Singapore time, following a climb to $1,4833.83 yesterday.
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Thu, 29 Aug 2013 09:32:04 GMT

Asian shares jump from two-month low as oil explorers rise

Asian benchmark share index advanced from the lowest level in two months after energy stocks climbed as worries military action in Syria will stop global oil supplies boosted crude prices higher this week. The MSCI Asia Pacific Index inched up 0.6% to 129.85, with Japanese Topix index jumping 0.2% and South Korean Kospi Index gaining 1.2%.

Thu, 29 Aug 2013 09:00:03 GMT

German bunds steady ahead of unemployment data

German 10-year government bunds were steady ahead of data that mayl indicate the unemployment rate in Germany  remained near the two-decade low this month. German 10-year note yielded 1.88% and the 1.5% bond maturing in May 2023 remained at 96.67. The German unemployment rate was unchanged at 6.8% in August.

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