Markets
Gold drops 2.2 percent on US Federal Reserve minutes
NEW YORK: Gold fell more than 2 percent to a seven-month low on Wednesday after the minutes of the Federal Reserve's m
NEW YORK: Gold fell more than 2 percent to a seven-month low on Wednesday after the minutes of the Federal Reserve's meeting last month showed the US central bank could slow or stop buying assets before a pick-up in the job market.
Spot gold was down 2.2 percent at $1,568.56 an ounce, having hit $1,565.29 an ounce, the lowest since July 23, 2012.
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