As quoted from The Economic Times, June 21, 2013
SINGAPORE: Gold recovered from a three-year trough on Friday as lower prices attracted Chinese buyers and as Asian stocks fell, but the metal was still headed for its worst week in nearly two years after the Federal Reserve said it would curb stimulus.
Gold for immediate delivery fell over 5 per cent on Thursday, along with other commodities and global stock markets, a day after Fed Chairman Ben Bernanke said the US economy was strong enough for the bank to wind down its bond-buying programme.
Gold lost some of its glitter over the past few days, plunging to its lowest in two years
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