Gold futures jumped 2 percent on Thursday as bargain hunters resurfaced after prices plunged to a six-month low, but optimism over the global economic outlook and the imminent end of the US Federal Reserve's monetary stimulus could cap gains
World stocks hovered around a six-year high on Friday as the faith in an improving global economy and support from central banks drove markets towards a third straight month of gains.
The Nikkei in Tokyo notched up its best Novemb
Gold reversed earlier losses on Thursday as investors pulled bearish bets ahead of a Comex option expiry and awaited US jobs data later in the day to help gauge the outlook for the Federal Reserve's stimulus measures.
Gold inched up on Tuesday, stretching its gains into a third straight session as buyers in China continued to snap up deals after bullion's plunge to a three-year low last week.
Prices were also helped by short covering that k
Brent crude oil slipped towards $110 per barrel on Monday, averaging more than $111.65 this year, its fourth successive year of annual rises and above the previous record of $110.91 in 2011.
Brent fell on worries US lawmakers may
Saudi Arabia's index fell in early trade on Sunday after notching up its largest one-day gain in 10 weeks yesterday as investors waited for new catalysts to justify further buying.
The index slipped 0.4 per cent to 6,681 points. It slu
The UAE and Qatar markets ended higher on Monday, tracking a relief rally in global markets after Greece's elections resulted in a slim parliamentary majority to pro-bailout parties.
Dubai's benchmark finished 0.7 per cent higher a
The euro and world shares gained on Wednesday as investor expectations grew that the acute financial problems in Spain would prompt the region's central bank to respond with more stimulus measures.
Though the European Central Bank (ECB) is
Gold was firmer near a 7-week high on Friday, heading for its fourth week of gains as the dollar lost ground after the US Federal Reserve pledged to keep rates near zero for some time.
Spot gold added $1.65 an ounce to $1,721.69 an ounce b
Oil prices ended 2011 up 13 per cent as a fresh wave of supply concerns capped a year of unrest and disruptions in the Mena region that overwhelmed concerns about the economic health of large consuming nations.
Iran's recent threats to shu