The better than expected jobs data last month fuelled concerns over Fed stimulus taper this month. Federal Reserve Bank of Philadelphia President Charles Plosser saw quicker economic growth in 2014 and a strengthening job market, reiterating that Friday's job numbers were positive and that the Fed should start reducing stimulus.
Gold futures for February 2014 contract, at MCX, were trading at Rs. 28,922 per 10 grams, down by 0.11 per cent after opening at Rs. 28,921, against the previous closing price of Rs 28,954. It touched an intra-day low of Rs 28,842. (At 11:02 AM)
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