Tue, 01 Apr 2014 09:08:03 GMT
Gold trades near lowest level in seven weeks on Fed
Gold was near the lowest level in seven weeks as investors speculated on Fed's outlook for its monetary policy. The yellow metal for immediate delivery slipped 0.5% to $1,278.20 an ounce, the lowest level since February 11, and was at $1,285.74 as of 3:08 p.m. Singapore time. Bullion for June delivery fell 0.5% to $1,277.40 an ounce in New York.