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FINANCIAL NEWS AROUND THE GLOBE
Gold to remain range-bound, no significant catalyst to push prices up: Barclays
The macro environment remains bullish for Gold with Cyprus efect and European Central Bank President may be expected to reiterate that a highly accomodative monetary policy stance remains appropriate under current circumstances. | Read More
Wall Street falls after factory data, last week's records
Apple (AAPL.O) was the biggest drag on both the S&P 500 and Nasdaq 100 .NDX, falling 3.1 percent to $428.91. Fidelity Contrafund, a $92 billion fund that is the largest active shareholder in Apple, reported that it cut its stake in the iPhone maker by 10 percent during the first two months of 2013. Data showed factory activity grew at the slowest rate in three months in March, suggesting the economy lost some momentum at the end of the first quarter. | Read More
Euro Weakens as Unemployment Rises to Record; N.Z. Dollar Climbs
The euro fell against 12 of its 16 most-traded peers as a report showed unemployment in the currency bloc climbed to a record in February, adding to concern the economy will struggle to emerge from recession. | Read More
WTI Oil Falls as Exxon Shuts Line
West Texas Intermediate oil fell for the first time in six days and widened its discount to Brent on speculation that the closure of an Exxon Mobil Corp. (XOM) pipeline will increase U.S. inventories. WTI slipped from the highest price in six weeks as Exxon shut the Pegasus pipeline, which moves oil from Illinois to the U.S. Gulf Coast, on March 29 after heavy Canadian crude leaked in Arkansas. | Read More
Gold climbs past $1601 in Asian trade
Gold advanced further in Asian trade Tuesday as the dollar eased ahead of a key US data, scheduled for release later this week. Gold for immediate delivery was seen trading at $1601.27 an ounce at 12.00noon Singapore time while US gold was seen at $1602.04 an ounce on the comex division of nymex. | Read More