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Gold snaps two-day rally before Fed statement

Posted on 30 April 2015

Gold fell on Wednesday as investors took profits following a two-day rally, but soft US economic data that hurt the dollar and lowered expectations for a Federal Reserve rate rise in June limited losses.
Spot gold was down 0.3 per cent at $1,210.91 an ounce at 1309 GMT. It has gained nearly 3 per cent in the last two sessions, climbing to a three-week high of $1,215 on Tuesday. US gold futures for June delivery fell $5.90 an ounce to $1,207.80, after rising to their highest level since April 7 in the previous session………………………………………..Full Article: Source


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