Thu, 29 Jan 2015 12:55:04 GMT
Gold prolonged losses as Fed raised economic outlook
Gold extended the decline, since investors are waiting for higher US interest rates after the Fed announced positive economic outlook, simultaneously considering global risks. Precious metal dropped 0.5% to $1,278.27 per ounce, while April's delivery Gold declined 0.3% to $1,283.20 an ounce. Silver plunged 0.9% to 17.84 dollars per ounce.