Gold continues to surge on economic woes
Beijing - Xinhua
Fears of another U.S. recession and the euro zone debt crisis continue to send nervous investors to the safety of bullion. On Monday, spot gold surged 1.4 percent to an all-time high, setting the 10th record so far on August. Analysts say persistent flow of weak macro data out of the U.S. and a complete lack of confidence in the marginal economies of Europe have driven gold to consecutive record highs. Traders are expecting gold prices to rise above 1,900 U.S. dollars per ounce, before starting a decent correction, as indicated by its wave pattern. And support level is seen at 1,844, a fall below which will trigger a further loss to 1,820.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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