Gold falls from 6-week high since investors assess demand outlook

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Source: Bloomberg
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Gold dropped from a six-week high due to investors' evaluation of rally's impact on demand when the Dollar appreciated. The futures of gold for immediate delivery fell 0.2% to $1,252.82 an ounce at 9:49 a.m. after reaching $1,265.35 yesterday, the strongest level in six months. Gold's 12-year appreciation ended in 2013, when the Fed decided to reduce its unprecedented monetary stimulus, forcing a rally in asset prices, but at the same time failing to boost inflation.

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Tue, 21 Jan 2014 13:32:50 GMT

European stocks advance to highest level in six years

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