Gold fell for a second straight day on Wednesday due to a holiday in China that deprived the metal of a strong support base and as investors worried about global central banks rolling back their easy-money policies.
The Bank of Japan's (BoJ) move on Tuesday to refrain from taking fresh steps to calm turbulence in the domestic bond market, and Standard & Poor's upgrade of the U.S. credit outlook on Monday indicated that the global economy was on track for a recovery, hurting bullion's appeal as a hedge against inflation.
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