Monday, February 3, 2014

Gold falls as investors digest Fed stance

Gold for April delivery, the most actively traded contract, on Friday fell $US2.70, or 0.2 per cent, to settle at $US1,239.80 a troy ounce on the Comex division of the New York Mercantile Exchange.Gold prices recently have also tracked shifting views of the economic turmoil in some emerging markets. Some investors view gold as a safe haven, and futures hit a two-month high last week when investors were cashing out of assets seen as risky amid political and economic troubles in developing markets from Turkey to Brazil.

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