Gold Prices Down on Federal Reserve Signals

Bloomberg reported that gold prices fell as investors did not see additional stimulus being provided by the Federal Reserve.

As quoted in the market news:

Gold futures for June delivery fell 3.5 percent to settle at $1,614.10 an ounce at 1:35 p.m. on the Comex in New York, the biggest drop for a most-active contract since Feb. 29. Earlier, the metal touched $1,613, the lowest since Jan. 10.

Click here to read the full Bloomberg report.