Reuters: Gold decreased by 2% amid weak data

AFTER MODERATE WEAK START OF THE TRADING SESSION, THE PRICE OF GOLD BULLION STARTED GAINING MOMENTUM TO FALL, REACHING $ 1.157.65 BOARD OUNCE, WHICH IS THE LOWEST PRICE from 5 May. FOR GOLD WAS THE MOST IMPORTANT ONE-DAY DROP SINCE July 1. SILVER AND PLATINUM, GOLD AND OIL WERE FOLLOWED BY BOARD AMID WEAK DATA ABOUT ZASTOJNOM GROWTH IN HOUSING PRICES, THE LABOUR MARKET AND OTKINULI JULY CONSUMER CONFIDENCE TO LOWEST LEVEL SINCE FEBRUARY.

GOLD, Max. 20 EXHIBITIONS TO BE EVALUATED AND POUNDS JUST FELL ON TUESDAY.GOLD EXHIBITIONS MAX 20 HAS FALLEN TO A MINIMUM since 4 MAY (892.23 MAX 20 BOARDS OUNCE) IN POUND FALLS TO 3-MONTH MINIMUM (OUNCE BOARD 744.30 POUNDS) of OTHER PRECIOUS METAL SILVER DECREASED TO $ 17.63 BOARDS OUNCE $ 18.14, PLATINUM OUNCE TO $ 1.530.50 BOARDS AGAINST $ 1.548.25, PALLADIUM TO $ 465 VS. $ 471.70.

Reuters, Gold falls 2% on weak data, 27 July 2010.

Source: FxTeam]] >