Gold headed for the first weekly loss since December as signs of faster U.S. economic growth increased bets that the Federal Reserve will keep cutting stimulus and a decline in emerging markets eased.
Gold held declines after the Federal Reserve reduced monthly bond-buying and said it would continue trimming the pace of asset purchases amid U.S. economic growth.
Gold swung between gains and losses after sliding to the lowest level in almost two weeks as the Federal Reserve said that it will trim its monthly bond purchases on an improved outlook for the U.S. jobs market.
"The prospect for a weaker dollar near term may provide support for bullion."
- James Steel on Oct 21, 2014
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