Wednesday, 22 May 2013 15:15
Posted by Shoaib-ur-Rehman Siddiqui
LONDON: Gold rose on Wednesday as the dollar fell after Federal Reserve officials allayed investor concerns that the US central bank would soon reduce its bond-buying programme, while Chinese physical demand also lent some support to prices.On Tuesday, New York Federal Reserve Bank President William Dudley and St. Louis Fed chief James Bullard said that further economic progress was needed before they would support curtailing bond purchases.Spot gold reversed Tuesday's 1.3 percent losses and rose ...