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Forex update, Gold prices down as US Dollar strengthens
- Middle East: Sunday, October 28 - 2012 at 11:13
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Weak earnings data out of US and European companies weighed heavily on stock markets, exacerbated by Spain still not taking a bailout despite an unemployment rate of 25%. With the Euro testing key support levels against the US Dollar the US currency is holding strongly. Dollar strength and weakness across commodities are also weighing down Gold prices.
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StaffSunday, October 28 - 2012 at 11:13 UAE local time (GMT+4)
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This article was updated on Sun Nov 04 2012.
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