Gold May Advance

Bloomberg reports that Gold may gain after the Federal Reserve said that the U.S. still needs stimulus to cut unemployment.

The market news is quoted as saying:

The Fed kept its benchmark interest rate at zero percent to 0.25 percent, and also maintained plans to buy $600 billion of Treasuries through June. The statement drove spot gold’s biggest percentage gain this year yesterday, paring a monthly loss that’s been driven by speculation haven demand is waning.

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