GOLD

Gold raced to a record of around $1,920 an ounce in 2011,when investors turned to the metal as a safe haven during the debt crisis in Europe. But bullion is moving in tandem with riskier assets this year, with investors turning to the safety of the dollar and the euro hitting multi-month lows.

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U.S. MARKET UPDATE

U.S. stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China’s economy may be softening more than previously thought.

The Dow Jones industrial average dropped 125.25 points, or 0.98 percent, to close at 12,695.35. The Standard & Poor’s 500 Index lost 15.04 points, or 1.11 percent, to 1,338.35. The Nasdaq Composite Index fell 31.24 points,or 1.06 percent, to 2,902.58.

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Commodity Market Outlook :15-05-2012

Gold drops to 4-1/2-month low on euro zone worries

Euro near lowest in nearly four months vs dollar

Copper hit a four-month low on Monday

Aluminum, zinc, nickel, tin hit multi-month lows

Oil slides on euro zone, China fears

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ASIAN STOCK

Asian shares eased on Monday as investors saw more reasons to cut risk after talks in Greece to form a new government failed, a German vote pointed to growing opposition to austerity steps, and China took further steps to support growth.

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U.S.STOCK

Shares of U.S. banks slumped on Friday after JPMorgan said it lost billions of dollars on bad trades, but the overall market ended only modestly lower, thanks to gains in technology shares.

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S&P

The Standard & Poor’s 500 Index was down 4.60 points, or 0.34 percent, at 1,353.39.

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U.S.TREASURY

U.S. Treasury prices gained on Friday, pushing yields down for the eighth straight week after JPMorgan surprised markets by admitting heavy losses and as Greece’s political turmoil showed no sign of resolution.

Prices on benchmark 10-year Treasury notes traded up 9/32 to yield 1.843 percent, down from 1.89 percent late Thursday.

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NIKKEI

The Nikkei stepped up 0.7 percent to 9,014.21, after falling 4.6 percent last week to mark its sixth consecutive week of losses as concerns about a deepening euro zone crisis and slowing growth in China outweighed a largely positive earnings season.

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DOLLAR

The U.S. dollar has also been supported by optimism that more positive labour market numbers will be seen soon.

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EURO

The euro breached an option barrier at $1.2900 and dipped to as low as $1.28811 at one point on trading platform EBS, its lowest level since Jan.

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