Gold drifted lower in thin year-end trade on Thursday as a rally in equities and a strong economic recovery in the United States dented its safe-haven appeal.
Gold is headed for a near 30 per cent drop this year as the US Federal Reserve is set to begin unwinding its stimulus measures, ending a 12-year rally that was prompted by rock bottom interest rates and monetary stimulus by global central banks.
Spot gold had eased 0.2 per cent to $1,201.71 an ounce by 0013 GMT. The de ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27942582.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Gold is headed for a near 30 per cent drop this year as the US Federal Reserve is set to begin unwinding its stimulus measures, ending a 12-year rally that was prompted by rock bottom interest rates and monetary stimulus by global central banks.
Spot gold had eased 0.2 per cent to $1,201.71 an ounce by 0013 GMT. The de ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27942582.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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