Gold Prices Fall as Feds Maintain Monetary Policy

Bloomberg reported that gold prices dropped for a third day as the Federal Reserve declined any further easing of monetary policy.

As quoted in the market news:

Gold for June delivery fell 0.6 percent to $1,652.20 an ounce by 8:01 a.m. on the Comex in New York. Prices reached $1,672.30 yesterday, the highest since April 13.

Click here to read the full Bloomberg report.