Gold close to four-month low after Fed signals to taper

Source: Bloomberg

The gold almost reached the four month low, after the FOMC signaled sooner than expected tapering, thus reducing the investor activities. The gold for immediate delivery gained 0.2%, while the bullion for December delivery slumped 0.8%. The prices for gold tumbled 2.7% yesterday and 26% this year, thus coming closer to the first annual fall since year 2000.

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