Gold declined amid global economic concerns

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Source: Forexpros
Gold futures added to Friday's losses during Asian trading hours on Monday as rising yields of the Spanish sovereign bonds escalated global economic concerns and boosted demand for the greenback. COMEX gold for delivery in June traded at 1,650.65 US Dollars per troy ounce on the New York Mercantile Exchange, sliding by 0.58%.


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Mon, 16 Apr 2012 09:01:32 GMT

New Zealand's house sales surged by 25% in Mach

House sales in New Zealand soared by unadjusted 25% in Mach on an annual basis, indicating the best performance in more than five years, according to Real Estate Institute. Recovery of the property market coupled with record low interest rates are likely to stimulate consumer confidence and boost economic activity later in 2012.

Mon, 16 Apr 2012 11:57:07 GMT

US shares experienced a worst week in 2012

US shares fell on Friday after China posted disappointing GDP growth data and US consumer sentiment gauge unexpectedly declined. S&P 500 index lost 1.25% or 17.31 points and finished at 1,370.26, Dow Jones Industrial Average shed 1.05% or 136.99 points to 12,849.59 while Nasdaq Composite index tumbled 1.45% or 44.22 points to 3,011.33.

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