The price of gold dropped $12.75 early this morning, erasing all of the gains achieved yesterday after a dovish release from Chairman Bernanke and the Federal Open Market Committee. Gold slipped to the low end of its recent trading range, hampered by a drop in investment demand.
The U.S. dollar traded near unchanged against the euro while oil dropped $0.29 to $87.04 per barrel. S&P 500 stock futures rose 1.20 to 1294.80.
