BLBG:Gold Extends Decline After Fed Announces Plan on Bonds in Stimulus Step
Gold futures for December delivery dropped $14.70, or 0.8 percent, to $1,794.40 an ounce at 2:32 p.m. on the Comex in New York, compared with yesterday’s settlement. Earlier, the metal closed at $1,808.10, down $1.
After the Federal Reserve’s announcement on shifting Treasury holdings to longer-term securities, gold had a brief rally and then resumed today’s decline.
To contact the editor responsible for this story: Patrick McKiernan at pmckiernan@bloomberg.net
