Britain’s unemployment rate dropped to a five-year low in February, underscoring the strength of the economic recovery and raising the prospect of a debate among Bank of England officials about whether to raise interest rates.
As bullion gains this year after the biggest annual plunge in more than three decades, there’s little that’s stopping some producers reopening shuttered mines or reviving stalled projects - not even a plague of spiders.
Gold tumbled 2 percent, the most in 16 weeks, on speculation that a gain in U.S. consumer prices will give the Federal Reserve more leeway to reduce monetary stimulus. Palladium fell for the first time in six sessions.
Ukraine’s benchmark bonds fell, pushing yields to a three-week high, as intensifying clashes in the country’s east stoked concern Russia may seek to seize more territory after annexing Crimea last month.