Gold fell despite hopes for easing measures in the EU

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Source: Forexpros
Gold slumped in the Asian morning trade on Thursday, adding to the previous losses in the US and European sessions. The yellow metal came under pressure because of weak fundamentals and even speculation about monetary easing in the EU failed to support the metal. COMEX gold June contract traded at 1,652.65 US Dollars per troy ounce on the New York Mercantile Exchange, sliding by 0.08%.


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Thu, 03 May 2012 06:45:50 GMT

Australian services sector faced a record slump in April

Australian service sector contracted at the fastest pace in the last three years in April, being driven by essential slump in sales and new orders. The PSI in Australia tumbled by 7.4 points, attaining 39.6 in April. None of the sub-sectors faced expansion in April while the most severe decrease was posted by finance and insurance, healthcare and recreation sectors.

Thu, 03 May 2012 06:23:55 GMT

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