Gold falls to 4-1/2-month low after Fed minutes
From reuters.com
Gold fell 2 percent to a 4-1/2 month low on Friday after minutes from the U.S. Federal Reserve highlighted increasing concerns over its highly stimulative monetary policy, knocking stock markets lower and boosting the dollar. Fears that central banks' money-printing to buy assets will stoke inflation had been a key driver in boosting gold, which rallied to an 11-month high in early October after the Fed announced its third round of aggressive economic stimulus. Spot gold fell to its lowest since late August at $1,629.59 an ounce, and was heading for its sixth week of losses - the longest such run since June 1999. ...
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