Gold falls after Fed report

Gold futures fell Wednesday on the New York Mercantile Exchange after the release of Federal Reserve report showed little support for increased stimulus. August gold fell $12.30, or 0.8 percent, to $1,567.50 on the Comex division of the New York Mercantile Exchange. September silver dropped after the Fed report to $27.03 per troy ounce. The euro fell to a two-year low after the report and was $1.2236 late Wednesday from Tuesday's $1.2239. Against the yen, the dollar was 79.62 yen from 79.76 yen. The British pound was $1.5511 from $1.5503. The Intercontinental Exchange Dollar Index was slightly higher at 83.49.