World shares tumble, gold sinks | Bangkok Post: news

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World shares tumble, gold sinks

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Stock markets tumbled around the world on Thursday and gold slumped to a three-year low after the US Federal Reserve signalled it may begin winding down its massive stimulus programme later this year. 

A broker monitors screens at Aurel BGC in Paris on September 12, 2011. Stock markets tumbled around the world on Thursday and gold slumped to a three-year low after the US Federal Reserve signalled it may begin winding down its massive stimulus programme later this year.

Indications the Fed is looking to end its bond-buying policy by next year triggered a steep selloff in Asia with Europe and Wall Street following in turn.

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