Fed Tapering Whacks Gold, Spooks China, "Normalization" Challenged by US Earnings

London Gold Market Report WHOLESALE London gold sank against all currencies Thursday morning, falling 1.9% vs. the Dollar to hit 6-month lows after initially trading flat overnight despite the US Fed finally reducing its $85 billion per month in asset purchases. Cutting next month's quantitative easing of US mortgage and longer-term government bond rates to $75bn, the Fed pointed to "growing underlying strength in the broader economy." US stockmarket indices the S&P500 and the Dow surged