Summary Box: Gold falls after Fed stays the course

AP News
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Posted: Apr 25, 2012 3:53 PM
Summary Box: Gold falls after Fed stays the course

GOLD DROPS: Gold dropped slightly after the Federal Reserve held off on any announcement about new measures to stimulate economic growth. Gold prices have been supported for months, in part, by the Fed's bond-buying programs. The Fed offered no indication of additional bond purchases after its current program ends in June.

JUMPING BEANS: Soybeans hovered near levels not seen since July 2008 on expectations that global supplies will remain tight. Meanwhile, demand remains robust, particularly from China.

MIXED BAG: Prices for oil, natural gas and copper rose. Silver, platinum, palladium, wheat and corn fell.