Gold falls below lowest level in week on Fed outlook

Source: Bloomberg
© Scanpix/Reuters
Gold fell below its highest price in one week as investors speculated on the outlook for U.S. officials to continue scaling back stimulus ahead of raising interest rates. The yellow metal for immediate delivery slid 0.3% to $1,299.68 as of 9:01 a.m. London time, while bullion for June delivery slipped 0.3% to $1,299.90 in New York.
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