Gold Trims Weekly Gain on Tapering Bets as Syrian Tension Ebbs

Gold Trims Weekly Gain on Tapering Bets as Syrian Tension Ebbs

Chris Ratcliffe/Bloomberg

Gold tumbled 16 percent this year on expectations that the Fed will slow the $85 billion in monthly debt purchases as the world’s largest economy improves. Silver for immediate delivery dropped 0.6 percent to $23.7315 an ounce, down 1.4 percent this week.