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NZ dollar bounces back from 8-month low

24/05/2013
Source: The Herald

The New Zealand dollar rebounded from an eight-month low, after failing to break below 80 US cents, as some traders deemed the initial response to Federal Reserve chairman Ben Bernanke's comments on a possible end to quantitative easing was an over-reaction.

The kiwi dollar rose to 81.38 US cents from 80.26 cents at 5pm in Wellington yesterday. The trade-weighted index rebounded to 76.73 from 76.06.

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Gold up sharply as dollar, stocks slide

24/05/2013
Source: Reuters

Gold rose sharply on Thursday as investors sought its safe-haven status after the dollar and equity markets were hit by a slew of weak manufacturing data that indicated stagnant global economic growth.

Stock markets around the world fell, extending the previous day's sharp losses, on concerns about global economic growth and the timing of the ending of the U.S. Federal Reserve's stimulus program.

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The GOLD PRICE pushed higher Thursday morning in London, with silver making the same 3.0% rally from yesterday's sell-off while

24/05/2013
Source: Bullion Vault

Tokyo's Nikkei index – up by 85% from November – dumped more than 7% after new data showed a surprise contraction in China's manufacturing sector.

Private "retail" investors have "abducted" the Japanese stock market, accounting for more than a third of recent volume, according to brokers quoted by the Financial Times.

European stock markets today lost up to 2.5%, while major government bonds rose, nudging interest rates lower.

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Silver’s Fall Doesn’t Tempt Indian Buyers

24/05/2013
Source: Wall Street Journal

A fall in global gold prices has spurred a buying rush for jewelry during the current wedding season. But an even larger fall in silver prices has failed to tempt buyers.

When gold prices head higher, Indian consumers often turn to silver. But with gold prices down 13% since September, Indians are stocking up on gold jewelry they couldn’t afford previously, leaving silver items on the store shelves.

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