U.K. services PMI tumbles to 19-month low

Source: Reuters
The Markit PMI for Britain's services sector unexpectedly slipped to 51.0 last month from 51.3 in June, showing the weakest reading since December 2010 and getting critically close to 50, which marks line that separates expansion from contraction. U.K.'s economy dropped 0.7% in the second quarter of the year, prolonging recession that began late 2011.
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Fri, 03 Aug 2012 16:16:59 GMT

Gold slid after disappointing ECB decision

Precious metals prolonged slump on Thursday on broadly stronger US Dollar and weak global equities. Moreover, investors started to reduce their holdings in precious metals after the ECB refrained from additional easing measures at the moment. Gold dived under one-week low on lack of additional stimulus from the Fed, ECB and BoE. Meanwhile, traders are cautious ahead of US non-farm payrolls

Fri, 03 Aug 2012 16:06:01 GMT

Gold recovers from a weekly drop

On Friday, gold advanced first time in five days in London amid speculation investors will start purchasing after gold's worst time in six weeks. Immediate-delivery futures gained 0.3% to $1,593.75 per ounce. December-delivery bullion increased 0.4% to $1,596.60, while bullion tumbled to $1,584.08 per ounce, the lowest level since July 25.

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