1219 GMT [Dow Jones] Precious metals remain under pressure on the spot market, weighed by uncertainty over the likelihood of a Western strike on Syria and fears the US Federal Reserve will soon start to taper its gold-supportive bond-buying program following a spate of strong economic data from the region. “Gold’s downward movement this morning is more about the tapering talk having a louder voice than the Syria strike voices have,”

via DJ MARKET TALK: Precious Metals Extend Losses; Fed Tapering Fears Weigh.

Pin It on Pinterest