Gold drops after 3-week high on speculations Fed will slow stimulus

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Bullion for December delivery slipped 0.5% to $1,344.20 an ounce in New York on speculations Federal Reserve will slow its monetary stimulus as US economy strengthens, which reduces demand for gold as safe-haven asset. Gold for immediate delivery declined 0.2% to $1,344.38 an ounce as of 9:56 am, London time.

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