Hints and tips:
...The second-highest rise in funds benchmarked to a provider’s indices have been secured by the London Bullion Market Association, at $49bn, thanks to a rush into gold ETFs....
...The Japanese yen and gold and sending in indices of implied volatility to the highest levels of the year....
...Gold, which often moves inversely to the dollar, was up 0.3 per cent at $1,325.05 an ounce and set to recover after two days of losses....
...Miners, particularly gold names, are doing well, though as investors rush to the precious metal in times of market uncertainty....
...Energy stocks were leading the Japanese and Australian benchmarks higher....
...A recent trade agreement between Australia and Japan, which gives Australian producers easier access to the Japanese market, is costing US exporters $400,000 per day, she says....
...Gold, which often exhibits an inverse relationship to the greenback, was flat at $1,263.77 an ounce, having fallen by 1.9 per cent on Monday....
...The price of gold is up $2½ to $1,276 an ounce....
...Gold, which is sensitive to US interest rate expectations was down 0.1 per cent at $1,218.40 an ounce....
...The positive tone is undermining government bonds, nudging yields higher and pushing gold down $1 to $1,256 an ounce, writes Jamie Chisholm....
...Gold, which is sensitive to US interest rate expectations jumped the most in a month on Wednesday, by 2.5 per cent, but had given back a fifth of that today, sitting at $1,255.45 an ounce....
...The price of gold also fell 0.9 per cent to $1,094.20 an ounce and the yield on the benchmark 10-year Treasury yield rose 6 basis points to 2.175 per cent....
...Gold edged 0.1 per cent higher to $1,207 an ounce....
...(Financial Times) The Australian state of Queensland has approved construction of one of the world’s biggest coal mines, dismissing conservationists’ fears that the development of an associated port risks...
...He reportedly outbid three kings for it, including Britain’s King George V – today it remains the only rare stamp not in the Queen’s collection....
...Trilantic V North America is the company’s first fund after rising from the ashes of Lehman’s merchant banking unit four years ago....
...(WSJ) David Jones has agreed a A$2.15bn (US$2bn) takeover by South African retailer Woolworths, which trumps a merger approach from rival Australian department store group Myer....
...(WSJ) COMMENTS etc For Moscow, Ukraine is always ‘Little Russia’ (Reuters) Europe has to stop hiding beneath the bedcovers (Financial Times, Stephens) US v China: is this the new cold war?...
...Markets: Australian stocks advanced to fresh five-year highs, but sentiment in Greater China markets dimmed after new home price data showed efforts to cool the mainland property market have yet to have...
...In a weak mining sector, gold miner Centamin lost 6.3 per cent to 60.6p following a weekend of protests in Egypt....
...Loans in the Australian portfolio, which represent a significant chunk of the £4.3bn of underperforming property debt it holds in the region, are concentrated on buildings along the Gold Coast in the country...
...Emirates Investment Holdings, in turn, is handing over its 50 per cent stake in a Gold Coast tower to Sunland in a no-cash deal....
...On the CME, there were 25.7m contracts traded across all asset classes, with individual market records being hit in gold and Australian dollars....
...“Our competitors get into these brand wars like Coke v Pepsi,” says Zimmer at UTA....
...This has narrowed the price gap between platinum and gold to a 12-year low, according to Merrill Lynch....
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