Eine chinesische Angestellte zeigt Gold Halsketten an einem gold Shop in Jiujiang, East China Provinz Jiangxi, 27. Juni 2013. Gold fiel unter $ 1.200 am Freitag (28 Ju
A Chinese clerk shows gold necklaces at a gold shop in Jiujiang, east Chinas Jiangxi Province, 27 June 2013. Gold fell below $1, 200 on Friday (28 June 2013) to its lowest since August 2010 before recovering, and is on track to post its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserves plan to wind down its monetary stimulus. Bullion has taken a beating since the beginning of last week, losing as much as 15 percent, or about $200 an ounce, after Fed Chairman Ben Bernanke laid out a strategy to roll back the banks $85 billion monthly bond purchases on the back of a recovering economy. The lower prices have failed to boost physical demand in Asia, traditionally the biggest buyer of gold, and investors have continued to flee exchange-traded gold funds. Prices initially failed to find support even after markets in China, the worlds second-biggest gold consumer, opened but saw some gains after some bargain-hunters emerged.
