Gold fall to 12-Week low as Fed stimulus stance lifts dollar
New York: Gold on Wednesday dropped to a 12- week low by losing 2.6 percent as the dollar strengthened on signs the Federal Reserve may refrain from providing more monetary stimulus for the US. The gold fell by 2.6 percent to USD 1,628.10 an ounce, after touching USD 1,621.50, the lowest since January 10. Silver also fell by 4.1 percent to USD 31.90 an ounce, the biggest drop since March 14.