Gold Prices Slide On Lack of News from Federal Reserve

Reuters reported that gold prices were down because the Federal Reserve provided little information on monetary easing.

As quoted in the market news:

Spot gold was up 0.5 percent at $1,625.95 an ounce at 1328 GMT, off an earlier low of $1,612.64 an ounce, while U.S. gold futures for August delivery were down $6.90 an ounce at $1,627.30.

Click here to read the full Reuters report.