Wednesday 14 March 2012

Spot gold fell to its lowest since late January on Wednesday

Spot gold fell to its lowest since late January on Wednesday, pressured by a firmer dollar.

The US currency rose broadly after the Federal Reserve's modest upgrade of economic forecasts.

Spot gold stood at $1,657 per ounce by 0942 GMT, down just over 1 percent on the day and hitting its lowest since Jan 25.

News Bureau,

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