Precious Metals

Spot gold dropped 1.2 percent on Wednesday to reach a session low of $1,187.90 an ounce. Meanwhile, gold futures for June delivery dropped $15.10 to hit $1,187.90.

Spot gold dropped 1.2 percent on Wednesday to reach a session low of $1,187.90 an ounce, as noted by Reuters. Meanwhile, gold futures for June delivery dropped $15.10 to hit $1,187.90.

Those declines came as the Eurozone consumer confidence report for April demonstrated disappointing data, and the economic crisis in Greece saw further developments. “The [gold] market is growing tired of watching the Greek saga, while tensions in Yemen, an element of support to safe-haven bids, seem to have eased,” said Ole Hansen, Saxo Bank senior manager.

MARKETS

Markets
TSX19991.88+105.94
TSXV673.02+3.30
DOW33336.67+27.16
S&P 5004207.27-2.97
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COMMODITIES

Commodities
Gold1789.15+0.16
Silver20.35+0.08
Copper3.69-0.02
Palladium2274.50-1.50
Platinum959.00+4.00
Oil93.87-0.47
Heating Oil3.47-0.02
Natural Gas8.71-0.16

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