Asia Gold: gold contract settled. After a heavy fall yesterday.
Gold futures traded flat in the Asian markets this morning. Dropped after the fourth consecutive day today due to appreciation of the U.S. dollar and the rise of the New York Stock Exchange. Has prompted investors to sell gold Traction and prices plummeted, reaching the lowest level in almost three weeks yesterday.
At approximately 11:30 pm in Thailand Gold contract for June delivery. York. COMEX market remained stable at USD 1,424 / oz.
The trading in the gold market to Asian slowdown. Due to investors concerns about a slowdown in the Chinese economy by Merrill Lynch cut its forecast of GDP for China to come at 7.6% from 8%, while Bank of America reduced expectations Kyi.Chinese GDP down as well. Foreign demand weakened.