Gold and silver advance as demand rises after U.S. government shutdown

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Source: Bloomberg
© Scanpix/RS
Gold and silver advanced on Tuesday trading session after demand for the metals as haven increased amid rising concerns that recovery of the world's largest economy may be endangered after the U.S. government partially closed today. Bullion for delivery in October added 0.6% to $1,337.49 an ounce and was traded at $1,335.18 as of 3:09 p.m. Singapore time, while silver gained 1.2% to $21.9515 an ounce.

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Tue, 01 Oct 2013 11:38:03 GMT

Platinum and palladium gain after U.S. government shut down

Platinum and palladium advanced on Tuesday trading session as safe-haven demand for precious metals  rose after the U.S. government partially shut down in Washington for the first time in 17 years. Platinum futures increased 0.4% to $1,409.97 an ounce following a 0.6% drop earlier on the session to $1,395.13, the lowest since July 11, whereas palladium gained 0.6% to $72758

Tue, 01 Oct 2013 11:16:04 GMT

Rupee rises amid less current account deficit

India's currency gained on Tuesday reversing from previous two-day loss after better-than-expected results of current-account deficit overshadowed concerns that a partial shutdown of the U.S. government may reduce capital inflows. The Rupee jumped 0.4% to 62.3650 per U.S. Dollar at 10:34 a.m. Mumbai time after it lost 4.9% in the month of September.

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