Weak Euro area data lead the decline of gold price

Gaining profit take place in the market before the US data

The Euro area is one of the most financial spot, and of the financial leader in the Euro area is Germany, Germany today announced that its manufacturing sector record index fell to 48.8 in April from 50.6 in March, the issue which lead to a decline of Euro currency, which was automatically reflected on gold, fears pushed investors to invest in the new safe heaven which is the US stock.

Gold in Euro area was exposed to a lot of rumros, like the gold in Greece which their is a lot of investors was waiting to buy the, gold which will be exposed from the government of Greece but no action happend from Greece, followed by the repetition of the same story, during the financial crisis in Cyprus.