Gold rose more than 2 percent and hit its highest since lateOctober on the pullback in the dollar and equity markets. Spotgold was last up 2.14 percent to $1,228.50 anounce. (Reporting by Sam Forgione; Additional reporting by ChuckMikolajczak in New York; Editing by Leslie Adler and JamesDalgleish)


New U.S. projections show oil production from the big three U.S. shale plays should grow by more than 100,000 barrels per day by January, although many shale companies were starting to make deep cuts to spending for next year.

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On the sidelines of the Ecofin, France has called a meeting to review faltering attempts by 11 of its members to agree on a financial transactions tax.EU diplomats told us on Monday that the 11 remain divided — over issues such as how to levy the tax and whether to include derivatives – a day before a self-imposed deadline to agree on its broad outlines, casting doubt on whether the levy can be implemented in early 2016. The plan, led by Germany and France but opposed by Britain, aims to make banks share the cost of cleaning up Europe’s debt and banking crisis.

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Berlin’s insistence on economies sticking to the EU’s Growth and Stability Pact was not a matter of “German fussiness”, she told around 1,000 delegates at the start of the two-day congress in the western city of Cologne.

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“With the presidential election from the Greek parliament the clouds will have cleared up and our country will be officially ready to embark in the post-bailout era,” Mr Samaras said in a statement.

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The Democratic Left and Independent Greeks, parties whose lawmakers are being courted by both the government and Syriza before the presidential vote, repeated on Tuesday they would not back the government's candidate, former European Union environment commissioner Stavros Dimas.

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