Gold Settles at Nearly 3-Year Low

 

English: A picture from the gold vault of the ...

English: A picture from the gold vault of the Federal Reserve Bank of New York (Photo credit: Wikipedia)

Gold Settles at Nearly 3-Year Low

Summary:

  • Gold prices tumbled to their lowest level in nearly three years on Wednesday.
  • It comes as gold investors worry that the U.S. Federal Reserve will pull back on stimulus measures
  • Fed Chairman Ben Bernanke said last week that the U.S. central bank would wind down its $85 billion-a-month bond-buying program if economic data continued to illustrate stronger growth, gold prices have fallen more than $100 an ounce since Mr. Bernanke’s comments.
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Categories: Capital Markets

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