FUNDAMENTALS
* Spot gold was little changed at $1,641.19 an ounce by 0034 GMT.
* U.S. gold gained 0.2 percent to $1,642.30.
* Concerns about Spain's finances and banking sector pushed up safe-haven U.S. Treasuries and German Bunds, ahead of a debt auction in Madrid later in the day.
* Spain should take a rise in its bond yields as a spur to tackle the root causes of its debt woes, not look to the European Central Bank to help by buying its bonds, ECB policy maker Jens Weidmann said.
* China's central bank has pledged to increase reverse repo operations and cut the reserve requirement ratio to increase liquidity supply "at an appropriate time", said the official Xinhua News Agency.
* South African miner Gold Fields, the world's No. 4 gold producer, increased the initial investment for its Peruvian Chucapaca project to $1.2 billion, the company's vice president for South America told Reuters on Wednesday.
MARKET NEWS
* U.S. stocks slipped on Wednesday, a day after Wall Street's best gains in a month, as uninspiring earnings from tech bellwethers IBM and Intel gave investors a reason to take profits.
* Commodity currencies received a shot in the arm on Thursday on hopes China will soon ease policy, while the euro looked set to stay subdued as debt-laden Spain prepares to raise more money in the bond market.
DATA/EVENTS
0800 Italy Industrial orders, sales Feb 1230 U.S.
Jobless claims Weekly 1400 U.S.
Existing home sales Mar 1400 EZ Consumer confidence April 1400 U.S.
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