Gold fell on Wednesday after the U.S. Federal Reserve reduced its monthly bond purchases by another $10 billion, a sign of its confidence in the economy’s health, disappointing bullion investors who had expected the central bank to slow tapering.
Among other precious metals, silver underperformed gold, down 2.1 percent at $19.07 an ounce. Platinum fell 0.4 percent to $1,419.24 an ounce, and palladium edged up 0.5 percent to $806.22 an ounce.
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