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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Africa's money supply growth defied analysts’ expectations for a slow down and accelerated unexpectedly in October, data released by the South African Reserve Bank showed Tuesday.
Money Supply M3 in South Africa increased to 3153449 ZAR Million in October from 3073807 ZAR Million in September. October Money Supply M3 hit an all time high, rising 6.62 percent year-over-year, faster than a 5.64 percent rise in September and beating forecasts for a slow down to 5.3 percent.
Annual growth in the narrow measure, or M1, quickened to 11.31 percent in October from 8.21 percent in the preceding month. The intermediate money supply, or M2, grew at an accelerated pace of 6.26 percent yearly in October, after 5.20 percent increase a month ago.
Details of the report showed that domestic private sector credit rose 6.31 percent annually in October, slower than the 7.19 percent spike in September and below economists' forecast for a growth of 6.85 percent.
FxWirePro's Hourly USD Spot Index was at -98.5145 (Highly Bearish) at 1200 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
