Gold today fell from three-week high as investors awaited the US central banks latest policy statement amid concerns that Europes debt crisis may worsen.
Gold lost 0.1 % to USD 1,610.85 an ounce. It reached USD 1,615.76 yesterday, the highest since February 26. However, silver was up 0.1 % USD 28.94 an ounce.
The European Central Bank pledged to provide liquidity to Cyprus after the nation's lawmakers rejected an unprecedented levy on bank deposits, throwing into limbo a rescue package designed to keep it in the euro.
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Cypriot lawmakers rejected the USD 7.5 billion bank-deposit levy that had been proposed in return for 10 billion euros in external aid.