30
March
Gold regains footing on equities, Libya
30 March 2011 Reuters
Gold steadied on Wednesday on firmer equities and upheaval in Libya, although further gains could be capped by worries that some central banks will have to soon start tightening monetary policy, a move that would dent bullion's appeal as a hedge against inflation.
In recent days, several top U.S. central bank officials have said further bond purchases by the Federal Reserve were not needed to support the economy, while European Central Bank President Jean-Claude Trichet noted his inflation concerns from rising food and energy prices.
http://www.reuters.com/article/2011/03/30/us-markets-precious-idUSTRE72C3Z120110330
