Gold falls in London amid bets stimulus will be reduced

Source: Bloomberg
© Scanpix\AFP
Gold declined in London amid bets the Federal Reserve will scale back bond purchases. Gold for immediate settlement retreated 0.3% to $1,309.48 per ounce, while silver plummeted 0.1% to $20.2475 per ounce. Gold ETP holdings slipped 0.1% to 1,946.917 metric tons yesterday, the lowest level since May 2010.

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