World Economy

Gold Lowest in 2 Weeks

Gold Lowest in 2 WeeksGold Lowest in 2 Weeks

Gold fell to its lowest in almost two weeks on Tuesday as the dollar firmed ahead of a Federal Reserve meeting that is expected to give clues on the pace of future US rate rises, Reuters reported. Spot gold fell to $1,225.70 an ounce, its lowest since March 2, in earlier trade and was down 0.2% at $1,234.21. US gold futures slid 0.9% to $1,234.30 an ounce. Worries about global growth and financial instability had led investors to reprice prospects for increases in US rates, sending safe-haven gold to a 13-month high last week.