Gold trades at around 7-week low as investors evaluate stimulus

Source: Bloomberg
© RS
Gold traded near the lowest point in seven weeks in London, since investors scrutinise Fed's outlook on the monetary policy. Gold for immediate delivery gained 0.3% to $1,287.42 an ounce as of 9:40 a.m. London time, and reached $1,278.20 today, the weakest level since February 11. The yellow metal for delivery in June climbed 0.3% to $1,287.60 in New York during the Comex, when the amount of trading futures was 12% higher than the average for the last 100 days.
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