Gold futures slide but hold close to three-week high

Source: Investing.com
© Scanpix/Reuters
On Wednesday gold futures slumped, but held close to the three-week high, as investors were impatient about the Fed's data release. Gold futures slid 0.37%, or $4.50, to $1214.90 per troy ounce, compared to Yesterday's three-week peak of $1223.30. During 2014 gold lost approximately 2% amid anticipated strong economic recovery, that would force the Fed to rise interest rates sooner than expected. Among other metals trading, copper futures for March declined 0.42%, or 1.2 cents, to $2.755 per pound.
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