goldcore.com / By Mark O’Byrne / 22 January 2014
Gold fell to its lowest level in a week today. Singapore Bullion Market Association (SBMA) Secretary Albert Cheng told Bloomberg overnight that Singapore’s gold fix plan is still in process. Singapore is positioning itself as Asia’s global precious metals hub.
A Wall Street Journal report cited the Fed may announce another $10 billion cut in its money printing programme during their upcoming meeting on January 28-29. This may have put pressure on gold.