| Gold was enjoying one of its best days of the year on Wednesday jumping as much as $32 an ounce after surprisingly bad economic data from the US put fear back into equity and fixed income investors.
In heavy volume, April gold futures in New York’s Comex market were last exchanging hands for $1,240.40 an ounce, down from a high of $1,254 shortly after data showed the services sector in the US against expectations plunging into deep contractionary mode and coming in at the lowest reading since October 2013. Services constitute more than three-quarters of the US economy...............................................Full Article: Source
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