Mon, 27 Jan 2014 16:01:04 GMT
Gold drops from highest level in 10 weeks on Fed tapering outlook
Gold futures declined from the highest level on bets that the Fed will scale back their bond-buying programme this week, decreasing demand for the yellow metal. Bullion futures for April delivery slid 0.2% to $1,262.10 an ounce as of 10:23 a.m. New York time, after the price approached $1,280.10, while silver futures for March delivery added 0.4% to $19.835 an