Gold prolongs bearishness amid stimulus worries

Source: Marketwatch
© Scanpix\Reuters
Gold futures declined on Wednesday amid pressure over concerns that central banks will not provide more bond-buying stimulus into the worldwide financial system. The August gold contracts fell $1.50 to $1,375.50 an ounce. Gold futures have retreated about 18% this year after investors have been waiting for signals from Fed on scaling back stimulus.
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