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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price crash, panic deepens on world financial markets

Posted on 24 June 2013

Global stocks plunged Thursday in the biggest one-day sell-off so far this year, after Federal Reserve Chairman Ben Bernanke said the US central bank might consider paring back its cash infusions into the financial markets within the next six months.
The panic in stock and bond markets sparked by the remarks of Bernanke, who on Wednesday suggested the Fed might start winding down its $85 billion per month in asset purchases, was compounded by the release of data on Thursday showing that Chinese manufacturing activity hit its lowest level in nine months………………………………………..Full Article: Source


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