Gold futures extend losses in electronic trade

Source: Marketwatch
Gold futures kept declining in electronic trade on Thursday as global slump in stock and currency markets amid stronger US Dollar damped the demand for precious metals. Gold to be delivered in August slipped 0.1% or USD 1.90 to USD 1,561.50 per ounce. On monthly basis gold has depreciated around 6.2%. Silver for July delivery dropped USD 0.19 or 0.7% to USD 27.79 an ounce. 
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Thu, 31 May 2012 11:06:10 GMT

S&P 500 index down 1.4%

S&P 500 index erased earlier gains on Wednesday as borrowing costs in Italy and Spain surged while Greece renewed worries it may leave Eurozone. US benchmark index tumbled 1.43% or 19.10 points and closed at 1,313.32. Monsanto jumped 2.2% after firm's CEO said earnings for 2012 will likely soar 25%. Apple remained on the positive side with a 1.2% gain

Thu, 31 May 2012 11:31:46 GMT

European shares tumble on Spain credit rating cut

Europe's equities fell on Wednesday reflecting drop in investor sentiment after Spain's downgrade in Tuesday evening. Stoxx Europe 600 declined 1.5%, Spanish IBEX 35 plunged 2.6% and Italian FTSE MIB dropped 1.8%. Athens General index lost 3.2% and British FTSE 100 shed 1.7%. German DAX index edged 1.8% lower. 

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