Tue, 01 Apr 2014 15:41:06 GMT
Gold trades at around 7-week low as investors evaluate stimulus
Gold traded near the lowest point in seven weeks in London, since investors scrutinise Fed's outlook on the monetary policy. Gold for immediate delivery gained 0.3% to $1,287.42 an ounce as of 9:40 a.m. London time, and reached $1,278.20 today, the weakest level since February 11. The yellow metal for delivery in June climbed 0.3% to $1,287.60 in New York