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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Price of gold jumps on Fed decision

Posted on 19 September 2013

Gold jumped 4 per cent on the US Federal Reserve’s decision to maintain its easy monetary policy, recovering the $1,300 level it had breached during earlier trading. The yellow metal, which fell as much as 1.4 per cent to $1,291.34 a troy ounce before the Fed statement, rose to $1,364.25.
Analysts said traders and investors were expected to keep a close eye on the currency markets in the aftermath of the Fed’s decision………………………………………..Full Article: Source


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