The news was met with delight on the trade floor as gold holders shed their bullion in favour of US equities.  Gold drop to its lowest spot price for six months, before recovering to $1330.79 by 1800 GMT. It had started the day at £1330.60. But the FED’s plan shows promising signs that the US and therefore the global economy is picking up. Investors can look to a more rewarding financial future, particularly if precious metals continue to fall. Goldman Sachs have earmarked gold prices to fall as low as$1000 an ounce, although so far this year analyst prediction have been way off the mark!