Gold closes low for third day in a row

Source: Market Watch
Gold for June delivery closes low in Commodity exchange division of New York Mercantile Exchange for the third consecutive day. Future contracts lost 0.3% value and settled at USD 1557.10 an ounce. At its lowest, around 10 a.m. New York time, one contract was worth USD 1547 an ounce. Day high was reached almost straight after the exchange opening when one contract was priced at USD 1564 an ounce.
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Tue, 15 May 2012 19:47:47 GMT

Euro and Oil Declined as Greece Called for New Elections

Following Pasok party leader Evangelos Venizelos' announcement on new elections in June, euro dropped to its 4-month low of USD 1.2739. Oil futures tumbled by 0.9 percent as the appeal of dollar-denominated oil as an investment deteriorated. Christine Lagarde said that although the IMF hopes that Greece won't leave the currency area, they should be ready for anything.

Tue, 15 May 2012 19:05:24 GMT

S&P 500 ascends from 3 month low

Standard & Poor's 500 Index increased to 1342.05 gaining 0.3% from opening. Lennar and KB Home gained at least 4% each after builder confidence index announcement. JPMorgan increased by 3% after confirming that recent USD 2b loss won't effect dividend payments. Groupon jumped 13% after reporting estimate beating profits. Avon lost 11% after Coty cancelled USD 10.7b takeover bid. Home Depot

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