Gold prices came down at lowest level in 3 years

Gold slipped to $1,287.91 an ounce which is lowest level during three-year in world market due to weaken in US dollar.

Meanwhile, London's benchmark FTSE 100 index slid 2.04 percent to stand at 6,219.47 points in late morning deals, Frankfurt's DAX 30 dived 2.08 percent to 8,027.23 points and in Paris the CAC 40 shed 2.02 percent to 3,761.82.

The Euro fell to a 10-day low at $1.3183, down from $1.3297 in New York late on Wednesday.

However US Federal Chairman Ben Bernanke said in a press conference the US central bank's policy committee currently anticipates that it would be appropriate to moderate the monthly pace of purchases later this year if the economic outlook continued to improve.