Gold falls amid speculation Fed scales back earlier

Source: Bloomberg
Gold lost on Thursday falling for a third straight day and trimming its monthly gain amid speculation the Federal Reserve may begin scaling back its $85 billion a month bond purchases program sooner than economists expect. Bullion for delivery in October slid 0.7% to $1,335.30 an ounce and traded at $1,335.70 as of 2:22 p.m. Singapore time.

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