Gold has continued its drop, falling to its lowest level in almost three years, after the US Federal Reserve said it could wind down its stimulus programme.
Gold fell to $1,191.21 an ounce in Asia trade, after breaching the $1,200 mark in New York on Thursday for the first time since August 2010.
The US Fed said last week that its bond purchases would start to "taper off" in coming months if the economy recovers.
Analysts said investors had been anticipating further price falls.
As a result there was a sell-off, resulting in a big drop in prices in recent days.
Read more...
No comments:
Post a Comment