Thu, 10 May 2012 15:48:12 GMT
Gold tumbled amid turmoil in the Euro Zone
Precious metals tumbled on Wednesday amid lingering concerns over political and economic crisis in the Euro Zone. Broadly stronger US Dollar also weighed on the commodity pack.Gold extended previous losses, falling by almost 1% during heavy trading on Wednesday. The Euro Zone's turmoil continued to increase safe-haven appeal of the US Dollar thus creating pressure on the yellow metal.Silver mostly