Gold Extends Slump on Signs Fed Won’t Expand Stimulus
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Gold fell to the lowest price since January after Federal Reserve policy makers raised their assessment of the economy, signaling that monetary stimulus won’t be expanded.
Gold for immediate delivery fell 1.8 percent to $1,670.15 an ounce at 3:53 p.m. New York time, after slipping as much as 2.2 percent to $1,666.13, the lowest since Jan. 25.