Gold trades sideways following three days of positive gains
Duncan Richardson, News Editor
21 Jan 2014, 8:13 a.m.
Gold is trading just below its six week high as investors become concerned that the recent increase could choke off physical demand ahead of next week’s Federal Open Market Committee meeting. Following December’s meeting gold fell dramatically as the Fed cut its monthly asset purchase program known as quantitative easing by $10 Billion to $75 billion.