Singapore Retail Sales (YoY) falls to -2.7 in Feb from -2

The major theme in global markets, after the major sell-off in metals last Friday, continues to be the aggressive and continuous liquidation in gold, diving again more than $50 along the open of markets in Asia. The yellow metal has printed its lowest level since April 2010, with large sector of the market agreeing to call an official new bearish era in gold.