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Gold Holds Overnight Gains after Fed Keeps Rates Steady

Thursday, 12 December 2019 09:59 WIB

GOLDEMAS

Gold prices on Thursday hovered near a one-week high hit in the previous session, as the dollar nursed its steepest losses in weeks after the U.S. Federal Reserve stood pat on interest rates and signaled moderate economic growth for next year.

Spot gold was largely unchanged at $1,474.71 per ounce, by 02:17 GMT. In the previous session, the bullion hit $1,478.80, its highest since Dec. 5.

U.S. gold futures were up 0.3% at $1,479.10.

Source : Reuters

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