Precious Metals

Bloomberg reported that predictions that the Federal Reserve will tighten US monetary policy caused gold prices to drop.

Bloomberg reported that predictions that the Federal Reserve will tighten US monetary policy caused gold prices to drop.

The market news is quoted as saying:

Fed Bank of Richmond President Jeffrey Lacker said yesterday that the central bank should review reducing its planned purchase of $600 billion in Treasuries because of improving economic data.

To read the full market news, click here.

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