Gold retreated in Asian session

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Source: Forexpros
Gold prices declined during Asian session on Friday, being pressured by global growth concerns and broadly stronger greenback. The US Dollar Index that monitors its performance against a set of six main currencies gained 0.04% to 82.47 US Dollars. COMEX gold June contract traded at 1,552.95 US Dollars per troy ounce on the New York Mercantile Exchange, declining by 0.29%.


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Fri, 25 May 2012 09:29:50 GMT

Crude oil futures fell in Asian trade

Crude oil prices decreased in Asian trade on Friday as elevated US inventories and global manufacturing slowdown lingered demand concerns. From the supply side, the commodity was also pressured as talks between Iran and six major economies progress. Light, sweet crude oil futures for delivery in July traded at 90.552 US Dollars per barrel on the New York Mercantile Exchange,

Fri, 25 May 2012 08:23:51 GMT

US manufacturing activity slowed this month

US manufacturing expansion slowed this month as exports continued to soften. Markit PMI attained thee-month low of 53.9 as compared to a previous month reading of 56.0. Markit attributed the slowdown in manufacturing growth to weaker exports in the EU and China. Recent fall in durable goods orders also contributed to a decline, indicating that businesses are not willing to

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