PT: Gold declines to six-week low on outlook for less US stimulus
London, Mar 27 (Bloomberg) Gold today fell to the lowest price in six weeks as signs of recovery in the US boosted the case for the Federal Reserve to keep reducing stimulus and start to raise interest rates.
Gold dropped 0.8 per cent to USD 1,294.60 an ounce. It reached USD 1,291.61, the lowest since February 13. Silver also fell 0.5 per cent to USD 19.66 an ounce, after reaching a seven-week low of USD 19.57.
