SINGAPORE: Gold was languishing near a three-week low on Thursday after the US Federal Reserve ended its bond-buying stimulus programme and expressed confidence in the economic recovery, dimming bullion's safe-haven appeal.
Spot gold was little changed at US$1,212.60 an ounce by 0031 GMT. In the previous session, gold fell to US$1,208.26 – its lowest since Oct 8, before closing down 1.3%.
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