18.09.2015 - Gold jumps to 2-week high as Fed holds U.S. rates steady
Gold rose to a two-week high on Thursday after the Federal Reserve said it held U.S. interest rates steady following a two-day policy meeting, sending the dollar index to a three-week low. The U.S. central bank's decision was a nod to concerns about a weak world economy, saying that an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade. It left open the possibility of a modest policy tightening later this year. Spot gold was up 0.8 percent at $1,127.80 an ounce, after rising to $1,130.35, the highest since Sept. 3. It rose 1.3 percent on Wednesday in its biggest daily jump since Aug. 20, helped by data showing U.S. consumer prices unexpectedly fell in August.......................................Full Article: Source
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