Gold futures drop on stronger US Dollar

Note: This section contains information in English only.
Source: Marketwatch
Gold futures for April delivery lost 0.9% or USD 16.10 to USD 1,724.40 per ounce on Comex division of the New York Mercantile Exchange. The sharp declined was mainly caused by the appreciation in US Dollar which harmed the interest for precious metals. Stronger greenback negatively affects gold and other commodities priced in US Dollars as they become more expensive for holders of other currencies. 

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Tue, 07 Feb 2012 08:04:08 GMT

European stocks disrupt gains on Greek woes

After a successful performance on Friday, European share markets closed down on Monday as Greece's officials failed to conclude nation's debt swap agreement. Stoxx Europe 600 lost 0.1%, German Dax index traded close to flat, giving up only 0.03%. UK FTSE 100 index slipped 0.2% and French CAC 40 index tumbled 0.7%. 

Tue, 07 Feb 2012 14:35:31 GMT

India forecasts weakest growth since 2009

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