Gold hits 3 year low, soothing central bank talk steadies shares

  • Gold fell to a close three-year low as US data sustained the Federal Reserve's plan to cut back its incentive, while assuring that Europe wasn't about to pursue boosting the region's stocks and government bonds.

    The fall came after data showed US consumer confidence shoot up to its maximum level in more than five years.

    Tagged as: Business news, Gold rates, Gold hits 3 year low, global market, global market central bank