London - Gold fell below $1,200 an ounce to its lowest since August 2010 on Friday, on track to post its worst quarter on record, as fears persisted that the US Federal Reserve will wind down its monetary stimulus soon. Bullion has taken a beating - losing as much as 15 percent or about $200 an ounce - since the beginning of last week when Fed Chairman Ben Bernanke laid out a strategy to roll back the bank's $85 billion monthly bond purchases in a recovering economy. This...
↧