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Bloomberg.com reports that Gold may decline amid speculation about Federal Reserve asset purchases.
Bloomberg.com reports that Gold may decline amid speculation about Federal Reserve asset purchases.
The market news is quoted as saying:
Before last week, prices rallied for five weeks as the dollar sank on speculation about further so-called quantitative easing by the Fed. The currency rebounded last week amid speculation that the central bank may expand easing steps gradually, slowing the dollar’s depreciation. Gold usually moves inversely to the greenback.
