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Gold Gains Early, Falls Back after Fed Decision

Gold Gains Early, Falls Back after Fed Decision (CNBC)

After making solid progress early in the day, gold fell back and posted a loss for the day after the Federal Reserve announced it will continue its current bond-buying policy. “Gold has always been right up there as the commodity that is most exposed to any Fed decision to cut back on bond purchases,” said Song Seng Wun, an economist at CIMB.

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After making solid progress early in the day, gold fell back and posted a loss for the day after the Federal Reserve announced it will continue its current bond-buying policy.

archive

Gold Gains Early, Falls Back after Fed Decision

After making solid progress early in the day, gold fell back and posted a loss for the day after the Federal Reserve announced it will continue its current bond-buying policy.

Gold Gains Early, Falls Back after Fed Decision (CNBC)

After making solid progress early in the day, gold fell back and posted a loss for the day after the Federal Reserve announced it will continue its current bond-buying policy. “Gold has always been right up there as the commodity that is most exposed to any Fed decision to cut back on bond purchases,” said Song Seng Wun, an economist at CIMB.

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TRENDING NOW:

The Divided State of Britain.

CULTURE

Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals

Don’t Rush to War with Iran Over Some Tankers.

U.S. POLITICS

Democracy Dies with Chinese Propaganda.

CULTURE

A Muslim Brotherhood Terror Designation Could Backfire.

FOREIGN AFFAIRS

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