Read the full article here.
This content was originally published by MarketWatch.com - Top Stories. Original publishers retain all rights. It appears here for a limited time before automated archiving. By MarketWatch.com - Top Stories
Gold futures significantly cut their earlier losses in Monday dealings, as short covering kicked in following an earlier drop of more than 4% for the precious metal. Traders reacted to a limit-down tumble for benchmark U.S. stock indexes at the opening bell after the Federal Reserve’s emergency decision Sunday to slash rates and implement $700 billion in asset purchases.