Gold stays down in Asia

Gold fell for a fourth day on Friday, holding near its lowest point since May last year, as investors await US jobs data for more clues on the health of the world’s largest economy. Gold had eased $2.90 an ounce to $1,549.81 by 0635 GMT, heading for a second week of decline. 

It fell to a 10-month low at 1,539.74 on Thursday as it failed to react to the shock of the Bank of Japan’s unprecedented monetary stimulus and hopes for another European Central Bank rate cut. US gold for June delivery was at $1,549.80 an ounce, down $2.60. 

Copyright Reuters, 2013

Muhammad Ramzan Rafique
Muhammad Ramzan Rafique

I am from a small town Chichawatni, Sahiwal, Punjab , Pakistan, studied from University of Agriculture Faisalabad, on my mission to explore world I am in Denmark these days..

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