Bloomberg News

Gold Futures Rebound After Bernanke Rout

March 01, 2012

Gold rebounded in London as investors bought the metal after it tumbled to the lowest level in more than a month. Bullion lost 4.9 percent yesterday in the biggest one-day slump since Dec. 1, 2008, after the Federal Reserve gave no signal it favored a third round of quantitative easing, or QE3, to stimulate the economy. Bloomberg's Alix Steel reports on Bloomberg Television's "Inside Track." (Source: Bloomberg)

Running Time: 02:30


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