Tue, 20 Aug 2013 08:59:12 GMT
Gold falls on Fed worries
The yellow metal dropped for a second straight day and it is set for the first back-to-back decline in 14 days, as there are worries on Fed's stimulus tapering among the investors and commodity's climb lowered its demand. Spot gold slipped 1% to $1,352.08 an ounce, and was at $1,355.70 as of 2:41 p.m. Singapore time, reversing gains of 0.3%.