Gold Trades Near 18-Week Low as Investors Sell ETP Assets
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Gold futures slumped to an 18-week low as investors exited funds backed by the metal before a Federal Reserve policy meeting.
Holdings in gold exchange-traded products fell for a 14th straight day Monday, the longest run in more than a year. Almost 90 percent of economists surveyed by Bloomberg predict Fed officials will drop a pledge to be “patient” on raising interest rates from a policy statement due at the conclusion of their gathering Wednesday.