SINGAPORE (Reuters) - Gold extended losses into a second session on Friday as strong U.S. data stoked uncertainty over the outlook for the Federal Reserve's massive bond-buying stimulus. A pull back in bond purchases would hurt gold, seen as a hedge against inflation. Bullion, down 17 percent for the year, has been hit by investor outflows in gold exchange traded funds and signs of softening demand in key buyers India and China. "There is uncertainty about the Fed tapering," said Brian Lan, managing director of Singapore-based dealer GoldSilver Central Pte Ltd. ...
No comments:
Post a Comment