March 20, 2018

Gold fell below $1,200 on Friday to its lowest since August 2010 and is on track to record its worst quarter since at least 1968 on persistent worries over the US Federal Reserve’s plan to wind down its monetary stimulus.

 Bullion has taken a beating since the beginning of last week – down 15 % or over $200 an ounce – after Fed Chairman Ben Bernanke laid out a strategy to wind down the bank’s $85 billion monthly bond purchases on the back of a recovering economy.
The lower prices have failed to boost physical demand in Asia, traditionally the biggest buyer of gold, and investors have continued to flee exchange-traded gold funds.
Spot gold reversed earlier gains and declined 0.6 % to $1,191.79 an ounce by 0150 GMT, having fallen to a three-year trough of $1,180.71 earlier. US gold fell almost $20 to $1,192.1.
get about Indian Share market click on STOCK MARKET TIPS and FREE STOCK TIPS


Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.