Gold Prices Tumble on No Action from Federal Reserve

Bloomberg reported that gold prices fell sharply after the Federal Reserve did not announce more plans to stimulate the economy.

As quoted in the market news:

Gold futures for April delivery fell 4.3 percent to settle at $1,711.30 at 1:59 p.m. on the Comex in New York, the biggest drop since Dec. 14. The price, down 1.7 percent this month, has gained 9.2 percent in 2012.

Click here to read the full Bloomberg report.