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Gold drops 2% as Fed reduces monthly bond purchases to $55 billion

Ana Komnenic | March 19, 2014 | 8:52 pm Precious Metals Europe Gold 

The gold price extended its losses on Wednesday after the US Federal Reserve announced that it would cut its monthly bond purchases from $65 billion to $55 billion. By late-afternoon the precious metal was trading at $1,329 per ounce, a...

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