Gold tumbled as the Fed signaled in the March minutes that the chance of QE3 is low unless economic growth falters. The wordings of the minutes were also more hawkish than previous meetings. The benchmark Comex contract for the yellow metal plummeted to a 2-week low of 1640.2 before rebounding to 1662.4, down -0.46% at close.
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Fed Erases QE3 Speculations
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