| Gold-supportive fundamentals remain intact, with last week’s decline largely a profit-taking pullback, said Morgan Stanley in a research note.
According to Morgan Stanley, gold lost 5.4% on Wednesday, the largest daily move in three years, after Federal Reserve Chairman Ben Bernanke failed to comment on the likelihood of another round of quantitative easing, leading investors to believe that the timeframe for expanding easing measures will be pushed out...............................................Full Article: Source
|