Gold futures rise on record Chinese gold imports Record high Chinese gold imports from Hong Kong support prices
By Sara Sjolin
LONDON (MarketWatch) — Gold futures Wednesday gained for a second day, reaching their highest level since mid-December, as Chinese gold imports from Hong Kong jumped to a record high ahead of the Chinese Lunar New Year.
Gold for February delivery GC2G +0.53% added $8.20, or 0.5%, to $1,639.6 an ounce on the Comex division of the New York Mercantile Exchange. On Tuesday, futures rose 1.5% to settle at $1,631.50, breaking a two-session losing streak.
The metal was supported by news that Chinese gold imports from Hong Kong surged to record highs in November for the fifth consecutive month. Last year, China overtook India as the world’s biggest market for gold, and the imports from Hong Kong are perceived as a proxy for overseas buying.
Gold, silver add to gains in Asia trading
By Michael Kitchen
LOS ANGELES (MarketWatch) -- Gold futures extended gains during Asian trading hours Wednesday, in line with advances for other precious metals. Benchmark gold futures for February GC2G +0.43% rose 0.3% to $1,637.00 an ounce on the Comex division of the New York Mercantile Exchange. On Tuesday, the futures rose 1.5% to settle at $1,631.50, their highest close since mid-December. Silver for March delivery SI2H -0.37% also rose, gaining 0.2% to $29.86 an ounce, while April platinum PL2J +1.54% jumped 1.2% to $1,481.50 an ounce after a 2.5% rise Tuesday. March Copper HG2H -0.40% , however, slid 0.6% to $3.49 a pound.
Euro Dives as Fitch Warns of "Cataclysmic" Collapse
@import url(/css/cuteeditor.css); The EUR/USD took a quick tumble dropping below the 1.2700 level after Fitch rating warned that ECB must do more to prevent “cataclysmic” euro collapse. The pair dropped by more than 50 points in the wake of the warning as the ratings agency refocused market’s attention on the ongoing sovereign debt crisis in the region.
Euro falls as Fitch warns ECB must do more
By William L. Watts
EURUSD
FRANKFURT (MarketWatch) -- The euro EURUSD -0.60% extended a loss versus the U.S. dollar Wednesday after David Riley, head of sovereign ratings for Fitch, reportedly said the European Central Bank should step up purchases of troubled government bonds in order to save Italy and prevent a "cataclysmic" euro collapse. Riley told investors in a roadshow presentation that a collapse of the euro would be disastrous for the global economy, Reuters reported. The euro traded at $1.2689, down from $1.2741 in North American trade late Tuesday.
[B][COLOR="#FF0000"]T́nh h́nh đồng Euro rất bi đát không lối thoát, có lẽ c̣n xuống sâu hơn trong tuần này. Vàng lên giá do HK và TQ đầu tư vào rất nhiều..[/COLOR][/B]