Asia/Europe

From Gold May 25, 2012 12:24 am

Global Markets Overview - 05/25/2012

U.S. stocks finished mostly higher after late afternoon comments from the Italian premier boosted confidence that Greece would stay in the euro zone. The Dow Jones Industrial Average finished up 34 points, or 0.3%, at 12530, after bouncing back from a 0.6% slide.

From Gold May 23, 2012 04:49 pm

Gold Slips in Line with Euro ahead of EU Meeting

Gold prices fell, coming under pressure as concerns that a European Union meeting later on Wednesday would fail to significantly ease worries over the euro zone debt crisis lifted the dollar to a 21-month high against the euro.

One Swiss Franc coins are seen in this illustration picture in Zurich

From Gold May 23, 2012 11:47 am

Gold Standard Redux: Swiss Parliament Debates Creating ‘Gold Franc’

The Swiss parliament debated Tuesday whether to create a gold-backed national coin to float in parallel with the Swiss franc, becoming the first national legislature in decades to consider issuing a currency based on a commodity.

From Gold May 23, 2012 07:38 am

Philippine Government Could Earn $13 B from Xstrata's Copper, Gold Mine – Report

The government of the Philippines stands to gain as much as $13 billion from the proposed copper-and-gold mine project to be constructed by Xstrata-owned Sagittarius Mines Inc. (SMI) in the southern part of the country, the BusinessMirror newspaper reported on Tuesday.

From Gold May 22, 2012 09:13 pm

European Stocks Boosted By Positive Outlook: Daily Markets Wrap

Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.

From Gold May 22, 2012 12:10 am

Global Markets Overview - 05/22/2012

The Nasdaq Composite index rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock.

From Gold May 21, 2012 09:21 pm

Stocks Rally, China Hints At Stimulus: Daily Markets Wrap

The strain in this relationship between Germany and France was apparent Monday as finance ministers from both countries failed to resolve the question whether the euro zone would benefit from issuing joint European bonds. Berlin rejects the idea, stipulating that struggling economies need to clean up their messes before being given a reason not to.

From Gold May 21, 2012 12:39 am

Will China be the Largest Market for Gold Surpassing India?

Gold demand in China expanded to record levels in the first quarter of 2012, with total consumer demand in China surging 10 percent to reach a new high of 255.2 tonnes.

From Gold May 21, 2012 12:28 am

Global Markets Overview - 05/21/2012

Blue chips extended a streak of declines the likes of which haven't been seen in almost 40 years, amid continued euro-zone concerns and Facebook's lackluster debut. The Dow Jones Industrial Average suffered its 12th loss in 13 sessions, the worst 13-session performance since October 1974. The average lost 73.11 points, or 0.6%, to 12369.38.

From Gold May 17, 2012 04:14 pm

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India’s gold demand slumped 29 percent in the year’s first quarter, falling far behind China which is now the world’s leading bullion market, the World Gold Council said Thursday. As per the organization’s report, the country’s gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year.