Financial markets slumped amid European sovereign debt crisis concerns. The newly elected Greek government has to decide whether, and how, to repay interests of bonds due on May 15. Gold tumbled, inline with the euro, amid worries of Greek default. The benchmark comex contract of the yellow metal plunged to a 4-month low of 1595.5 before ending the day at 1604.5, down -2.11%. Prices remained under pressure in Asian trading Wednesday.
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Gold Tumbles as Euro Declines on Greece’s Default Worries
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