Gold snaps its winning streak

Source: CNBC
© Scanpix/Reuters
Gold fell after advancing for three straight days as the investors are waiting for the Fed's meeting in few days and it is expected that the officials will give some guidance on monetary stimulus tapering. Spot gold dropped 0.7% to 1,323.96 an ounce at 7:03 GMT, after rising 9% over the past three weeks. The yellow metal price has retreated approximately 20% this year to date.
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