Thu, 05 Dec 2013 13:08:06 GMT
Gold falls on speculation of Fed's tapering
Gold dropped in London as investors speculated on the Federal Reserve tapering before tomorrow's unemployment data release. The Yellow metal for immediate delivery declined 0.5% to $1,237.09 an ounce as of 8:09 a.m. London time, after its prices jumped 1.7% on Wednesday, the most since October 22. Bullion for February delivery fell 0.9% to $1,236.20 in New York.