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.