Gold fell to a 6 month low on account of Fed Reserve’s move to curb its bond buying stimulus. The week’s loss meant that the yellow metal is heading for biggest loss in 32 years.
Experts predict a further fall in Gold. Outflows from the top eight gold ETFs have totalled about 720 tonnes as investors channel more money to equities. Physical demand failed to pick up in a big way despite the drop in prices, another sign that consumers expect more price falls.