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Gold Tumbles as Investors Price in Crimea Crisis, Fed Taper

Gold futures were tumbling by double-digit prices as investors begin to price in the Crimean crisis and the Fed to keep up the pace of its tapering. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that gold likely will trade in a tight range now that the market is finding some stability in the Crimea situation and as the Fed's Janet Yellen continues where her predecessor left off. McGlone says the only surprise would be if the Fed tapers more aggressively.