Us Central Bank

As expectations of Fed taper increase, gold drops 1 percent

Gold fell around 1 percent on Tuesday as investors shed some bullish bets on expectations that the US Federal Reserve may be poised to trim its bullion-friendly economic stimulus.

Fed hints of policy turn: Easy money could end in Dec; taper on table

Recent US economic data is looking better and a solid jobs report for November would increase the likelihood that the Federal Reserve would start to scale back bond buying at its meeting next month, a senior Fed official said on Wednesday.

Fed officials to decide on scaling back bond purchases at next few meetings

Minutes of the Fed's October 29-30 policy meeting, released on Wednesday, also showed officials discussed how to distinguish between asset buying and forward interest rates guidance, including how to enhance rate guidance once they start to taper bond purchases.