Southwood international group news bulletin hong kong <br />http://volvaknights.blog.com/2013/04/17/commodities-gold-oil-slump-for-2nd-day-poor-china-data-fuels-recovery-doubt/ <br />* Gold slides to over 2-year lows <br />* Bullion loses edge on stimulus fears; ETF outflows rise <br />* China GDP grows by less than expected 7.7 pct in Q1 <br />* Oil, copper at multi-month lows <br />By Manolo Serapio Jr <br /><br />SINGAPORE, April 15 (Reuters) - Gold sank to its weakest in two years and oil and copper hit multi-month lows as investors sold off commoditiesfor a second day on Monday, worried that central banks will pull the plug on stimulus and as disappointing Chinese data signaled a setback for the global economic recovery. <br /><br />Gold fell more than 3 percent, after sliding 5.3 percent on Friday, as investors further slashed their bullion holdings on concern that centralbanks are bent on halting stimulus measures this year, cutting gold's appeal as a hedge against inflation. Holdings on global gold exchange-traded funds hit their lowest in more than a year. <br /><br />China's economy grew 7.7 percent in the first quarter, undershooting market expectations for an 8.0 percent expansion and frustrating investors hoping the world's No. 2 economy would rebound after posting its weakest growth in 13 years in 2012. <br /><br />CONTINUE READING: <br />http://www.reuters.com/article/2013/04/15/markets-commodities-idUSL3N0D20YB20130415 <br />RELATED ARTICLE: <br />http://thesouthwoodgroup.edublogs.org/2013/04/17/commodities-gold-oil-slump-for-2nd-day-poor-china-data-fuels-recovery-doubt/ <br />southwood international group news bulletin hong kong
