World Economy

Gold Eases

Gold EasesGold Eases

Gold edged lower on Wednesday as the dollar and equities firmed ahead of the US Federal Reserve’s policy decision due later in the day, Reuters reported. Spot gold dipped 0.2% to $1,317.26 an ounce. Bullion rose 0.4% on Tuesday. US gold fell 0.3% to $1,317.50 an ounce. A surge in western gold investment helped offset sliding Asian demand in the second quarter, GFMS analysts at Thomson Reuters said, as they hiked their gold price forecast for the year in response to jitters over the economic outlook.