Gold Gained As Investors Weighed The U.S. Fed Outlook For Stimulus

Gold slid 23 percent this year, wiping $59.3 billion from the value of gold exchange-traded product holdings, after some investors lost faith in the metal as a store of value. Declines accelerated last quarter as the Fed indicated its bond-purchase program could be tapered should the job market improve. Gold’s drop to a 34-month low on June 28 spurred more physical demand.

Gold gained as investors weighed the U.S. Fed outlook for stimulus

Gold gained for the fifth time in six...