Turbo Growth in Japan

The world's third-largest economy is picking up speed for real , thanks to massive fiscal and monetary easing.

Japan, the world's third largest economy after the U.S. and China is well on its way into the economic recovery, such as Europe and U.S. have been yearning for for years.

“Fortune tellers” predict continued decline for gold

Societe Generale had the second April hardly expected that their forecasts for the end of 2013 should be fulfilled after only 13 calendar days.

The 2nd of April, the finance house Societe Generale published an analysis titled "The end of the gold era". In this the financial services company announced the expectation that the price of gold was facing a collapse, with a marked decline as a result. Their assessment at this time was that gold would fall from the current 1575 USD per. ounce to 1375 USD per. ounce at the end of 2013. Compared to the price at the end of 2012 it had the 2nd of April already droped almost 100 USD per. ounce from 1673 USD per. ounce to 1575 USD per. ounce, but this was a steady and slowly drop over three months.

Currency: Euro strengthened on ECB comments

The European Central Bank on Thursday kept the benchmark interest rate on the main refinancing operations at 0.75 percent. This was not a surprise from the ECB as the only few individual analysts and economists had expected a reduction in European interest rates.

Gold heading towards $ 2000 per ounce

The price of gold may be headed for a new record within six months. So believes the Canadian investment bank TD Securities, who sees the price reach $ 2000 per ounce as the new quantitative easing in the U.S. may increase inflation.