Volatile quarter takes global shares down, gold plunges


NEW YORK: World equity markets rose for a fourth day on Friday, but a gauge of world stocks and other assets still ended in the red for the month of June and for the second quarter as fears that U.S. monetary stimulus could soon be pared back drove volatility and weighed on sentiment.

Spot gold prices recorded their biggest quarterly decline in at least 45 years, even as prices on Friday marked the biggest daily percentage gain in a year.

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