Monday, 17 June 2013

Economic Times: Gold slips as investors await outlook for bond purchases

SINGAPORE: Gold fell in early Asian trading on Monday as investors await indications from a key US Federal Reserve meeting this week on the pace of the central bank's bond buying programme.

Spot gold eased 0.2 per cent to $1,387.24 an ounce by 0022 GMT. Bullion closed up about 0.5 per cent for the week on Friday helped by strong demand for coins and bars, a pullback in US stocks and rising tensions in the Middle East.

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