Gold slides towards $4,000 before Federal Reserve meeting

Gold prices fell on Friday and headed for their sharpest weekly decline in more than four months as rising energy costs reinforced expectations that the US Federal Reserve will keep interest rates elevated. Spot bullion traded around $4,021 an ounce, extending its weekly loss to approximately 3.6 per cent. US gold futures dropped 0.6 per cent to about $4,035, bringing the psychologically important $4,000 threshold into sharper […] The article Gold slides towards $4,000 before Federal Reserve meeting appeared first on Arabian Post.