Gold Prices at 1 Week Low on Outlook for Fed, Demand Concern

Gold today traded at near a one-week low and headed for the first weekly loss since December on the outlook for the Federal Reserve to cut stimulus and on speculation physical demand may ease.

Gold today traded at near a one-week low and headed for the first weekly loss since December on the outlook for the Federal Reserve to cut stimulus and on speculation physical demand may ease. 

Gold fell 0.1 per cent to $1,242.30 an ounce. Prices slid 2.2 per cent this week, the most since December 20 and narrowing the first monthly advance since August to 3 per cent. 

However, silver gained 0.2 per cent to $19.19 an ounce. It reached $19.01 yesterday, the lowest this year. 
 

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http://economictimes.indiatimes.com/articleshow/29665402.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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