Gold down 2 percent, breaks below $1,600 on euro fears By Frank Tang NEW YORK | Wed May 9, 2012 1:28am IST (Reuters) – Gold fell around 2 percent in heavy trading on Tuesday, briefly breaking below $1,600 an ounce as worries that the euro zone debt crisis could worsen triggered a technical selloff. Gold retraced some…

Gold up 1.7% on inflation fear after cenbank move By Frank Tang and Susan Thomas NEW YORK/LONDON | Wed Nov 30, 2011 1:20pm EST (Reuters) – Gold rose nearly 2 percent on Wednesday, on track for its biggest three-day rally in more than a month, as a move by major central banks to add liquidity to global markets boosted…