Gold slides and markets rally

25th August 2011

The Guardian's live Markets Forces blog notes that shares in London rallied for a third day following a strong report on US durable goods orders.

The FTSE 100 index was last up 0.44% at 5,229 with The Financial Times (paywall) reporting that premium drinks company Diageo made the strongest rise on the index after its annual earnings beat forecasts. Operating profit rose 5 per cent to £2.8bn, with earnings per share up 16 per cent to 83.6p.

Trading in gold was lower as traders awaited tomorrow's policy speech by Ben Bernanke, Federal Reserve chairman 

More:

Global meltdown: Is further QE needed? 

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