Gold prices plunge to 22-month low

NEW DELHI: Gold seems to be slowly losing its sheen. Prices dropped to a 22-month low in the domestic market and near three-year lows in global markets. The yellow metal prices have remained volatile and have been on a losing streak since the announcement by the US Federal Reserve about a possible winding down of the stimulus to revive growth. The US economy is displaying some signs of strength and there is speculation that the measures put in place by the US Federal Reserve may be rolled back slowly.

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