Spot Gold Falls as Much as 1.5% Following Fed Stimulus Signals
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Gold fell on signs that the Federal Reserve won’t increase U.S. monetary stimulus.
Gold for immediately delivery fell as much as 1.5 percent to $1,652.98 an ounce from yesterday’s settlement. Before the latest indications from the Fed at 2 p.m. New York time, the price traded around $1,670.