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Reuters reported that frustration with the Fed’s decision to extend Operation Twist caused gold to drop nearly 4 percent this week.
Reuters reported that frustration with the Fed’s decision to extend Operation Twist caused gold to drop nearly 4 percent this week.
As quoted in the market news:
Spot gold was up 0.2 percent at $1,568.70 an ounce by 2:59 PM EDT (1859 GMT), just $5 above the closing price of $1,563.80 for 2011.
The metal noted a 3.5 percent this week for its second-largest weekly decline of the year.
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