Gold at 4-month low after Bullard's comments

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Source: WBP Online
Precious metal slid 0.2% to $1,241.30 an ounce as of 6:08 a.m. EDT time, touching the lowest level since July 9, after James Bullard stressed on Wednesday's Fed meeting that monetary stimulus tapering will be discussed on the next meeting scheduled for December, and it's most likely that quantitative easing will be reduced in the next few months amid strong employment data. Meanwhile his comments boosted dollar's value, edging down price for yellow metal.
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