-
Gold tumbles 4 percent in biggest 1-day loss this year
Gold prices slumped more than 4 percent on Wednesday, their biggest one-day drop this year. Analysts said testimony from U.S. Federal Reserve Chairman Ben Bernanke suggested the bank was unlikely to engage in more easing in the short term. Expectations for an extension of ultra-loose U.S. monetary policy had been a major driver of higher gold prices. Gold was also hurt by strength in the dollar, which hit session highs versus the euro after Bernanke's comments. Spot gold hit session lows at $1,707.04 an ounce and was down 3.5 percent at $1,721.06 an ounce at 4:40 p.m. while U.S. gold futures for April delivery were ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Feb 29, 2012 2:33pm Feb 29, 2012 2:33pm
- Guest
- | IP XXX.XXX.159.54
- Comment #2
- Quote
- Feb 29, 2012 2:43pm Feb 29, 2012 2:43pm
- Guest
- | IP XXX.XXX.32.212
- Comment #3
- Quote
- Feb 29, 2012 3:47pm Feb 29, 2012 3:47pm
- saleemmemon
- | Joined Feb 2012 | Status: Junior Member | 1 Comment
- Comment #4
- Quote
- Feb 29, 2012 4:24pm Feb 29, 2012 4:24pm
- Rizwanullah
- | Joined Mar 2010 | Status: Member | 14 Comments | Online Now
- Comment #5
- Quote
- Feb 29, 2012 4:45pm Feb 29, 2012 4:45pm
- Guest
- | IP XXX.XXX.183.126
- Comment #6
- Quote
- Edited 4:52pm Feb 29, 2012 4:51pm | Edited 4:52pm
- venzen
- Joined Jul 2011 | Status: good | 456 Comments
cryptocurrency everytime
- Comment #7
- Quote
- Feb 29, 2012 9:38pm Feb 29, 2012 9:38pm
- Guest
- | IP XX.XXX.153.74
- Comment #8
- Quote
- Edited 5:08am Mar 1, 2012 5:06am | Edited 5:08am
- venzen
- Joined Jul 2011 | Status: good | 456 Comments
cryptocurrency everytime