Daily Overview EUR/USD (Bloomberg) Finance and labor ministers from Spain, Germany, Italy and France are scheduled to meet on June 14 in Rome to hammer out a European plan to directly address the 24 percent youth-unemployment rate. GBP/USD (Bloomberg) The pound had its biggest weekly gain versus the dollar in more than three years as U.K. manufacturing, services and home-price data beat economist forecasts, boosting confidence in the economy. GOLD (Bloomberg) Hedge funds increased wagers on a gold rally to the highest in seven weeks before a report showing the U.S. added more jobs than forecast spurred the biggest retreat in prices since April. SILVER (Bloomberg) Cash silver traded 0.5 percent higher at $21.7715 an ounce after declining 4.4 percent on June 7, the biggest drop at close since April 15. Spot platinum lost 0.3 percent to $1,497.10 an ounce and palladium fell 0.2 percent to $755.90 an ounce.
Posted on: Mon, 10 Jun 2013 10:05:37 +0000
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