19th March 2014
Gold has fallen to a one-week low in commodities trading markets today (March 19th), with safe-haven demand for the asset continuing to ease.
The Federal Reserve is expected to press ahead with the tapering of its quantitative easing programme later in the session, indicating the central bank has little concerns regarding the strengthening of the world's largest economy.
It has also been suggested the Fed will change policy to qualitative guidance on interest rates, in addition to reducing its monthly asset purchase.
Tensions in Ukraine have also seemingly eased, further reducing demand for the precious metal as a safe-haven investment.
Russian president Vladimir Putin insisted yesterday the country is not seeking to further divide Ukraine, following the Crimea referendum on Sunday.
Bullion for immediate delivery was down by 0.7 per cent at $1,346.19 per ounce in London as of 09:15 GMT. Meanwhile, gold for April settlement shed 0.9 per cent to $1,346.80 per ounce on the Comex division of the New York Mercantile Exchange.
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