Gold May Fall as Higher Global Interest Rates Curb Demand, Survey Shows

(Bloomberg) -- Gold may fall for a second-straight
week on speculation that higher global interest rates will
reduce demand for the precious metal as an alternative
investment.

Seventeen of the 36 traders, investors and analysts
surveyed by Bloomberg from Sydney to Chicago on June 7 and June
8 advised selling gold, which fell 3.9 percent to $650.30 an
ounce last week on the Comex division of the New York Mercantile
Exchange. Ten said to buy, and nine were neutral.


Read more at Bloomberg Commodities News

EU, China to meet on trade boom, barriers

(Reuters) - The trade chiefs of the European Union and China meet on Tuesday to thrash out problems clouding their economic ties amid growing calls in Europe for more protection against the Asian export powerhouse.

EU Trade Commissioner Peter Mandelson, his eye on Europe's yawning trade deficit within China, will complain to Chinese Commerce Minister Bo Xilai that Beijing is doing too little on intellectual property theft and limits on foreign investment.


Read more at Reuters Africa