Bloomberg News

Spot Gold Falls as Much as 1.5% Following Fed Stimulus Signals

April 03, 2012

Gold fell on signs that the Federal Reserve won’t increase U.S. monetary stimulus.

Gold for immediately delivery fell as much as 1.5 percent to $1,652.98 an ounce from yesterday’s settlement. Before the latest indications from the Fed at 2 p.m. New York time, the price traded around $1,670.

To contact the editor responsible for this story: Patrick McKiernan at pmckiernan@bloomberg.net


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