SAN FRANCISCO (MarketWatch) — Gold futures added to losses in midmorning trade Wednesday, as a selloff sparked by the Federal Reserve’s Tuesday statement, the euro’s drop below $1.30 and the breach of some technical levels sent the futures contract down more than 4%. Gold for February delivery dropped $73, or 4.4%, to $1,590.20 an ounce on the Comex division of the New York Mercantile Exchange.

Originally from MarketWatch