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Gold makes biggest fall in 30 years

Dip sparked by investor concern that European governments may have to follow Cyprus in selling part of their holdings

By Richard Nehme | April 18, 2013 10:46 BST
Euro continues to benefit from weaker USD
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EUR/USD had a fairly volatile session yesterday, with more than 1% movement throughout the day, reaching a low of 1.3034 and a high of 1.3199 trying to bounce off the resistance level of 1.32 while support is lying at 1.3068. It seems that USD may be benefitting from the recent demand for gold as overnight the pair has set a ten day low of 1.2993 [...]

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