Gold futures pulled down in the Asia electronic session today however the losses were limited due to weakness in the US dollar. The Asia equities tumbled sharply today after the World Bank lowered its global economic-growth forecast.
In its semiannual Global Economic Prospects report the World Bank revised lower its expectations for growth in China, Brazil and India, while upping estimates for Japan and the US For 2014, the World Bank sees global growth at 3 percent. The World Bank lowered its global economic-growth forecast Wednesday, tipping 2.2 percent expansion in 2013, down from a 2.4 percent projection issued in January and below last year's estimated 2.3 percent growth.
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