NEW YORK/LONDON: Gold surged more than 2 per cent on Friday on end-of-quarter short-covering, but bullion still posted its largest quarterly loss in at least 45 years due to selling amid fears the US Federal Reserve may wind down its stimulus program. Bullion's 2.3 per cent rally was particularly impressive on a day that had little macroeconomic news and no dramatic movements in other commodities and financial markets. Silver jumped 6 per cent for its biggest one-day jump since January 2012. After Friday's rally, gold is still 23 per...
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