Kooza Exclusive: ISLAMABAD: Gold plunged to a 34-month low, set for a record quarterly drop, as improving US economic data strengthened the case for the Federal Reserve to reduce stimulus. Gold for immediate delivery fell as much as 4.2 percent to $1,224.18 an ounce, the lowest since Aug. 24, 2010, and was at $1,235.02 at 3:02 p.m. in London. Bullion for August delivery dropped 3.2 percent to $1,234.30 on the Comex in New York. Trading was more than double the average in the past 100 days for this time of day, according to data compiled by Bloomberg. Click here for more: thekooza/gold-heads-for-biggest-loss-since-1920/
Posted on: Wed, 26 Jun 2013 19:41:02 +0000
Trending Topics
Recently Viewed Topics
© 2015