LONDON — Gold fell below $1,200 to its lowest since August 2010 on Friday, and was on track to post its worst quarter on record as investors flee on persistent worries over the US Federal Reserve’s plan to wind down its monetary stimulus. Bullion has taken a beating since the beginning of last week — losing as much as 15%, or about $200 an ounce — after Fed chairman Ben Bernanke laid out a strategy to roll back the bank’s $85bn monthly bond purchases in the face of a recovering economy. The lower prices have...
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