Gold Extends Declines on Fed Decision to Refrain From Stimulus
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Gold fell for a fourth day, heading for the first quarterly loss in more than three years, after the Federal Reserve failed to announce more stimulus measures.
The Fed said Dec. 13 that the U.S. is maintaining its expansion and refrained from taking new actions to bolster the economy. Gold has dropped 2.8 percent this quarter as the dollar rallied 2.2 percent against a six-currency basket.