LONDON — Gold edged up on Thursday after tumbling 12% over the past eight sessions, as soft US economic growth data weighed on the dollar and eased fears of an abrupt end to the Federal Reserve’s monetary stimulus. The metal was, however, still not far from Wednesday’s near three-year low, with its safe haven appeal severely dented since Fed chairman Ben Bernanke announced a strategy last week to wind down the central bank’s $85bn monthly...
↧