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Updated 08:20 20/02/20

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Gold holds steady as stockmarkets fall

Adam Pike, News Editor
30 Jan 2014, 12:17 p.m.

Following the Federal Reserve’s decision to taper their monthly asset purchase program known as quantitative easing from $75bn to $65bn, gold held firm as global stockmarkets slumped.

The Dow Jones fell 1.19%, Japans Nikkei 225 closed 2.45% down and European markets are currently negative. In contrast gold futures finished yesterday $11.40 higher at $1,262 per ounce.

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