UK manufacturing PMI decreased more than projected

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Source: Forexfactory
Manufacturing sector in the UK performed worse than initially expected in April, reported research group Markit.  UK's manufacturing PMI declined to 50.5 last month on a seasonally adjusted basis as compared to a March reading of 52.1. Experts predicted the PMI to decrease to 51.4 in April.
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Tue, 01 May 2012 10:48:15 GMT

HSBC cut gold price forecast for 2012 to USD1,760 per ounce

HSBC reduced its average gold price forecast for 2012 and 2013, citing the weakness of India's jewelry sector and fading hopes for the third round of quantitative easing in the US. The bank projects the gold price to average near 1,760 US Dollars per troy ounce in 2012 and near 1,775 US Dollars per troy ounce in 2013 as compared

Tue, 01 May 2012 10:25:46 GMT

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