Gold Drops Due To Lack Of Central Bank Stimulus

Reuters reported a lack of  more agressive stimulus from central banks causing  Goldprices to fall after China, Europe and Britain eased their moneraty policies.

As stated in the press release: 

Bullion, which has tumbled several times this year after the Federal Reserve did not mention further easing, was under pressure after monetary easing by the top three central banks signaled a growing level of alarm about the world economy.

Click here to read the full Reuters report.