CAPITAL MARKETS

Gold jumps on deferred tapering expectations

AUSTRALIA’S biggest gold miners jumped 5-6% on average this morning as gold surged on speculation that this month’s budget woes in the US would result in continued stimulus measures.

Kristie Batten
Gold jumps on deferred tapering expectations

Overnight, the US dollar weakened and Comex gold for December delivery jumped 3.2% to $US1323 per ounce after trading below $1300/oz for most of this month as the US government was shutdown. Market...

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