2013 June 20

Gold falls to 1-month low on Fed stimulus outlook

Gold fell for a fourth straight session on Thursday to its lowest in a month after the Federal Reserve said the U.S. economy was recovering strongly enough for the central bank to slow the pace of bond purchases later this year. FUNDAMENTALS · Spot gold fell 0.4 percent to $1,344.9

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No takers for silver despite low prices, demand plunges 40% in a month

KOLKATA: Demand for silver jewellery and coins has dropped by almost 40% in the last one month although prices have fallen to 43,000 per kg from 55,000 per kg in June last year.The metal has also lost its flavour as an investment product and the trade says this bearish trend

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