Gold tumbles as Fed signals stimulus slowdown Cop

Gold tumbles as Fed signals stimulus slowdown
Copper suffers after weak China data
MADRID (MarketWatch) — Gold prices slid Thursday, stung after the Federal Reserve signaled it may reduce the amount of monetary stimulus it provides as early as this year. Losses ramped up in European trading hours. August gold futures
CNS:GCQ3) sank $63.90, or 4.7%, to $1,310.30 an ounce in electronic trade. Futures prices turned lower earlier Wednesday after U.S. Federal Reserve Chairman Ben Bernanke told reporters that the central bank’s purchases of government bonds may be scaled back as early as this year, if economic activity improves in line with its forecasts. http://www.marketwatch.com/story/gold-prices-...beforebell