Spain Sells $4.3 Billion of Debt; Bonds, Euro Gain (Update1)

Spain Sells $4.3 Billion of Debt; Bonds, Euro Gain (Update1)
Spain sold 3.5 billion euros ($4.3 billion) of bonds, the maximum set for the auction, easing concern that Spain will struggle to finance looming debt maturities. Spanish stocks, bonds, and the euro rallied.
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Gold ‘Unlikely’ to Be Main China Reserve Investment (Update1)

Gold ‘Unlikely’ to Be Main China Reserve Investment (Update1)
March 9 (Bloomberg) — Gold is “unlikely” to be China’s primary investment to diversify its reserve holdings because of price risks, Yi Gang , head of the State Administration of Foreign Exchange, said today.
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