Gold Hits Four Month Low on U.S. Fed Minutes

Reuters reported that gold continued to fall on Friday, pushed down by 2.2 percent in early trading by minutes from the U.S. Federal Reserve that raised concern over monetary policy.

As quoted in the market report:

Spot gold was down 1.97 percent at $1,630.25 per ounce at 1201 GMT, after earlier falling to its lowest since late August at $1,625.79. It was heading for its sixth week of losses – the longest such run since June 1999.

To view the whole Reuters report, click here.