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Gold prices ease as investors brace for Fed rate outlook

Gold prices eased on Wednesday as traders cautiously awaited the outcome of the U.S. Federal Reserve policy meeting where the central bank is likely to…

Gold prices ease as investors bet on Fed tapering

Gold prices eased on Wednesday, ahead of a crucial Federal Reserve decision, as investors await cues on the U.S. central bank's plan to taper its pandemic-induced stimulus amid signs of rising inflation.

PRECIOUS-Gold prices ease as investors brace for Fed rate outlook

Gold prices at 1-month high as dovish Fed stance lifts bullion appeal

By Eileen Soreng (Reuters) - Gold prices climbed to a one-month peak on Thursday after U.S. Federal Reserve Chair Jerome Powell soothed investor fears by reassuring that he was in no rush to tighten policy, lifting the metal s appeal as an inflation hedge. Spot gold was up 0.3% at $1,832.23 per ounce, as of 0752 GMT. Earlier in the session, bullion hit a peak of $1,833.65, its highest since June 16. U.S. gold futures climbed 0.4% to $1,832.90. Powell stuck to the view on Wednesday that the current price increases are transitory and the Fed expects to continue its bond-buying until there is substantial further progress on jobs, with interest rates pinned near zero likely until at least 2023.

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