Weak Stimulus Actions Push Gold Prices Down

Bloomberg reported that gold prices dropped on news the Federal Reserve would not implement more stimulus measures.

As quoted in the market news:

Gold futures for February delivery dropped 3.2 percent to $1,609.50 an ounce at 10:31 a.m. on the Comex in New York, heading for the biggest slide since Sept. 23.

Click here to read the full Bloomberg report.