Gold Posts First Weekly Decline in Three on Fed Taper Concern

Gold fell, capping the first weekly drop in three weeks, on speculation that the Federal Reserve will curb monetary stimulus as the U.S. economy recovers, crimping demand for the metal as an alternative investment.Policy makers trimmed bond purchases last week for the fourth time since November. Fed Chair Janet Yellen said May 7 that strength in the economy made measured reductions in asset purchases appropriate, even as stimulus is still...

WTI Heads for Weekly Gain as Crude Stockpiles Drop; Brent Rises

West Texas Intermediate headed for its first weekly advance in three as crude supplies shrank for the first time in more than a month in the U.S., the world��s biggest oil consumer. Brent rose as the European Union considered expanding sanctions on Russia. Futures increased as much as 0.9 percent in New York. Crude stockpiles fell by 1.78 million barrels last week as inventories at Cushing, Oklahoma, the delivery point for WTI, slid...

Gold Cuts Weekly Drop as Ukraine Weighed With Stimulus Outlook

Gold rose in New York, narrowing a weekly drop, as investors weighed the Ukraine standoff with the outlook for monetary stimulus. Gold slid 28 percent last year on expectations that the Federal Reserve would pare its bond-buying program. Fed Chair Janet Yellen said this week that strength in the economy made measured reductions in asset purchases appropriate, even as stimulus is still needed. The dollar rebounded from the lowest level...

Gold Heads for Second Weekly Drop on Ukraine to Stimulus Outlook

Gold held above this week��s low, heading for a second weekly drop in London, as investors weighed the Ukraine standoff with the outlook for monetary stimulus. Gold slid 28 percent last year on expectations that the Federal Reserve would pare its bond-buying program. Fed Chair Janet Yellen said this week that strength in the economy made measured reductions in asset purchases appropriate, even as stimulus is still needed. The dollar...

Gold falls to 1-week low on euro despite rising Ukraine tensions

Gold fell to its lowest in a week on Monday as the euro hovered near a one-month low on fears of policy action from the European Central Bank, shrugging off safe-haven demand from escalating violence in Ukraine. Spot gold eased 0.5 percent to $1,282.50 an ounce by 0028 GMT, after dropping for two straight weeks. It fell to a one-week low of $1,279.60 earlier in the session. The euro has lost more than 1 percent since Thursday when...