Sunday, 21 August 2011

BULLION UPDATES




Stocks declined around the world, extending four weeks of losses, and gold rallied to a record as speculation that central banks will announce further stimulus measures failed to dent concern the global economic recovery is slowing. The yen and Swiss franc weakened, while Brent oil sank.
The MSCI All-Country World Index dropped 0.7 percent at 4:01 p.m. inTokyo. Standard & Poor’s 500 Index futures dipped 0.3 percent after losing as much as 1 percent and gaining as much as 0.8 percent. Treasury 10-year notes retreated for the first time in a week. The yen and franc slipped against most major peers on concern Japan and Switzerland will take steps to weaken their currencies. Gold jumped as much as 2.3 percent. Brent crude tumbled 3.1 percent.

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