GOLD - DROP STIMULUS FEARS Gold extended losses into a third session on Wednesday, falling to a three-week low after strong U.S. trade data and comments by a Federal Reserve official stoked fears that the U.S. central bank could start tapering its stimulus from next month. FUNDAMENTALS * Spot gold had dropped 0.5 percent to $1,275.41 an ounce by 0015 GMT, after losing over 1.5 percent on Tuesday. The metal hit a trough of $1,275.36 on Wednesday, its lowest since July 18. * U.S. gold dropped $8 to $1,274.50.
Posted on: Wed, 07 Aug 2013 01:36:45 +0000
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