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Gold Prices Recover After Record Quarterly Drop

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Mani
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Gold recovered on Monday after posting over 23 percent loss during the last quarter, amid easing stock market and steadying dollar.

Gold Prices Recover After Record Quarterly Drop

The precious metal on Friday closed the second quarter with a 23 percent loss, the worst quarterly decline since modern trading began in the mid-1970's.

Last week, Gold futures plummeted below $1,200 a troy ounce, as U.S. economic data topped analysts’ estimates.

However, the recent comments from a U.S. Federal...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports