Thu, 02 May 2013 10:05:04 GMT
Gold depreciates further on Fed comments
Gold price for immediate delivery edged lower by 0.5% to 1,4456.65 an ounce in the morning of Singapore trading session on Thursday. The precious metal retreated 0.9% yesterday, what was the biggest fall since 15th of April, when the price lost 9.3% of its value. Investors reduced their bullion inventories on concern that Federal Reserve will cut its stimulus programme.