SINGAPORE: Gold edged higher on Monday after clocking its biggest quarterly fall ever, helped by comments from a US Federal Reserve official on the need to maintain the bank's stimulus measures for longer and as Asian stocks eased.
Bullion fell 5 per cent last week to three-year lows as investors dumped gold, fearing an early end to the Fed's $85 billion monthly bond purchases. Stimulus measures have driven liquidity towards commodities and supported gold's appeal as a hedge against inflation.
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