Gold futures decline on expectation about Fed's tapering stimulus measures
Ndew York (Nov 2) Gold futures declined on Friday after an advancing US factory gauge stoked already growing expectations about the US Federal Reserve could scale back its bond-buying stimulus and prompted bullion investors to reduce positions.
Gold futures for December delivery settled down $10.50 to $1,313.20 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold fell 0.9 percent at $1,311.50 an ounce.
