(Kitco News) -Comex gold futures have sold off sharply in after-hours U.S. electronic trading and pushed to a fresh seven-week low following the Fed's FOMC meeting that gave no hints of any further quantitative easing of U.S. monetary policy. That helped to push the U.S. dollar index sharply higher and to a fresh two-month high, which in turn put more downside price pressure on gold. Gold bears gained more downside technical momentum Tuesday afternoon. February gold last traded down $30.00 at $1,638.00.
Source; http://www.kitco.com/reports/KitcoNews20111213JW_update2.html
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