28.07.2016 - Gold Moves Higher After Fed Statement
Investors who stepped to sidelines ahead of central bank meeting will likely jump back in, strategist says. Gold prices traded higher Wednesday after the Federal Reserve left interest rates unchanged but hinted at the possibility of an increase in the coming months. Gold for December delivery was recently up 0.9% at $1,339.50 a troy ounce on the Comex division of the New York Mercantile Exchange in electronic trading. Prices settled up 0.5% at $1,334.50, but traded as low as $1,323 after the Fed statement was released...............................................Full Article: Source
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