Forex | Forex | Precious metals slide on payroll number (03/07/2009 07:29:06)

Precious metals slide on payroll number

London, 03 July 2009 - Pre-holiday book squaring and risk aversion in reaction to June’s weak payroll reading weighed on commodities and equities yesterday with the Dow closing down 2.6%, S&P off almost 3% while the CRB Index lost 2.1%. Short covering in the dollar led the greenback to finish the day up just over 1%, back above 80 while overnight EUR/USD has dipped to 1.3927 from its closing level of 1.4006. While gold was weighed lower by the stronger dollar yesterday the yellow metal was


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