Gold, Sliver Drop to Four-Week Lows on U.S. Taper Outlook

Gold and silver prices fell to four-week lows on speculation that a recovering U.S. economy will spur the Federal Reserve to taper stimulus.

U.S. employers last month added 204,000 workers, more than forecast by analysts, government data showed Nov. 8. Atlanta Fed President Dennis Lockhart, who backed record stimulus, said today in a Bloomberg Radio interview that discussions on scaling back $85 billion in monthly bond purchases may occur next month.