Gold Declines After Jump to Four-Month High Spurs Sales
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Gold dropped the most in two weeks on speculation that the Federal Reserve will delay announcing stimulus measures amid signs the U.S. economy is recovering.
Home prices in 20 U.S. cities climbed in June for the first time in almost two years, a private report showed today. The Commerce Department’s first revision to second-quarter gross domestic product tomorrow may show faster growth than earlier reported, according to the Bloomberg survey median. Fed Chairman Ben S. Bernanke will speak on Aug. 31 at an annual meeting in Jackson Hole, Wyoming. At the event in 2010, he foreshadowed a $600 billion second round of bond buying.