Gold falls to lowest in three weeks

Source: Bloomberg
© Scanpix/Agence France-Presse
Gold declined to a three-week low, retreating for a third straight day, on bets that the Fed will start to taper its monetary stimulus this year as the U.S. economy will continue its recovery. Spot gold slid 0.8% to $1,273.55 an ounce, the lowest in approximately three weeks, and traded at $1,283.28 as of 2:42 p.m. Singapore time, while the yellow metal for December delivery dropped 0.8% to $1,272.50 an ounce.
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