Gold prices headed lower Wednesday after the Federal Reserve said it will continue to scale back its support for the economy.
Gold for June delivery slipped 40 cents to settle at $1,295.90 an ounce. Silver for July dropped 36 cents to $19.17 an ounce.
The Fed cut its monthly bond purchases by $10 billion to $45 billion, saying the steadily improving economy needs less help.
Gold prices have...