The Markets await the Obama economic stimulus and bank rescue plans…  AngloPlat reports higher earnings but flags up cost fears… Johnson Matthey (JMAT) sees 2009 platinum demand declining 5 pct…

This from Reuters, London:

Gold fell nearly 2 percent in Europe on Monday as investors took profits after recent gains, amid disappointment the metal had failed to beat resistance near $930 an ounce last week.

Spot gold slipped to $895.65/897.65 an ounce at 1446 GMT, down from $911.70 in New York late on Friday. Earlier it touched a low of $893.15.

U.S. gold futures for April delivery on the COMEX division of the New York Mercantile Exchange fell $16.30 to $897.60 an ounce.

“There has been some profit taking and disappointment we couldn’t break through $930, even with strong demand from ETFs,” said Commerzbank senior trader Michael Kempinski.

Signs of a recovery in

Monday November 24, 2008 Navivest

Citigroup (C) which seen its shares decimated along with just about every other stock, saw an acceleration of the decline in its shares last week, as Wall Street turned its negative focus on the company.

The shares traded as high as $10.11 exactly a week ago, but by Friday, they were down to $3.77 after hitting an intra-day low of $3.05.

With Citigroup being just about the largest bank in the world in terms of footprint, obviously no longer on a market cap basis, it was automatically assumed that the government would step in to help rebuild confidence in the company. And since as with other bank rescue plans, they’ve done it over the weekend before the markets opened on Monday, it was expected that we would get news this weekend with regards to Citigroup as well. They’ve delivered.

In an agreement between Citigroup, the U.S. Treasury,