36437
Gold Slides
World Economy

Gold Slides

Gold tumbled more than 2% on Monday, pulling further away from its highest in a year, as a rebound in stocks and profit-taking from China after the Lunar New Year weighed on the market, Reuters reported. Bullion had climbed to a one-year high of $1,260.60 on Thursday as turmoil in global equities stoked safe-haven demand for the metal, along with the Japanese yen and US Treasuries. Spot gold fell to a session low of $1,211.05, before paring some losses to trade down 1.9% at $1,213.60. It dropped 0.7% on Friday. US gold futures dropped as much as 2.2% to $1,212.20.

Short URL : http://goo.gl/8RcPcv
  1. http://goo.gl/yPjHgj
  • http://goo.gl/ESdkOK
  • http://goo.gl/Mjkw0A
  • http://goo.gl/pPrr28
  • http://goo.gl/1SUr6F

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...

Trending

Googleplus