Asian bourses have ended trading, hitting four-month lows as weaker US data added to rising worries over Europe. Commodities and their currency sensitive pairings are not immune to the surround sound of contagion fears. Gold has been able to dig itself out of Monday’s bear market trap, ending on a high, and in the black. The same cannot be said for the Aussie, usually a strong yellow metal supporter, which is seen as higher risk because of the country’s commodity price exposure and high exchange rate. The RBA’s dovish stance is reducing the AUD’s yield spread advantage, adding to the fears of a hard landing in China. ... (full story)