Gold pulls back after a two-day rally

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Source: Marketwatch
Precious metal dropped on Monday after a two-session rise, pressured by Spain and Greece worsening economic situation. Gold futures for August settlement erased 0.8 per cent, to $1,571 per ounce, after gaining $12 during last two sessions. At the same time, other precious metals also declined, with September silver down 1.7 per cent, to $26.85 per ounce, September copper lost 2.9 per cent, to $3.35 per pound, while Platinum and palladium declined as well, with 1.3 per cent and 1.9 per cent drop respectively.
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Mon, 23 Jul 2012 16:07:29 GMT

Single currency reached two-year low versus the greenback

The single currency weakened to the lowest since 2010 versus the U.S. dollar as European leaders are losing control of the Eurozone's debt crisis. On the top of that, the euro declined to an 11-year low versus the Japanese yen, with 0.6 percent drop to 94.85 level, after touching 94.24. The euro tumbled 0.4 per cent to $1.2106 during New York trading session after

Mon, 23 Jul 2012 15:08:29 GMT

Wall Street tumbled on Monday

On Monday, July 23, Wall Street tumbled as Greece exit from Eurozone is getting more possible, Spain's economy is getting worse and U.S. major companies, such as McDonalds, report on lower-than-expected profit. The Dow Jones Index declined by 1.65 per cent, to 12,611.15, the S&P 500 Index dropped 1.54 per cent, to 1,341.74, while the Nasdaq Composite Index erased 2.17 per cent, to 2,861.83.

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