Gold retreat continues on fear Fed will end easy money policy GOLD slumped to a seven-month low, extending its earlier losses as details from the Federal Reserve's latest policy meeting outlined more debate about when to curtail the central bank's stimulus program. Gold for April delivery, the most actively traded contract, recently traded down $US41.40, or 2.6 per cent, to $US1562.80 a troy ounce in post-settlement electronic trading on the Comex division of the New York Mercantile Exchange.