Wed, 14 Jan 2015 14:25:06 GMT
Gold falls from 12-week high amid rout in commodities prices
On Wednesday gold slumped, leaving its 12-week high, as investors sold their gold positions due to weakening oil and copper prices. Futures for February declined $6.70 to $1,227.70 per troy ounce, compared to $1,234.40 on Tuesday.In 2014 the precious metal lost almost 2% due to strong US economic recovery forcing the Fed to rise interest rates sooner than expected, thus