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    gold investing

    Gold Price at $1,210.91 as Investors Await Rate Decision

    Investing News Network
    Apr. 29, 2015 10:43AM PST
    Precious Metals

    The gold price dropped 0.3 percent, to $1,210.91 an ounce, on Wednesday, but a sense that the Federal Reserve will postpone an anticipated interest rate hike curbed losses.

    The gold price dropped 0.3 percent, to $1,210.91 an ounce, on Wednesday, but a sense that the Federal Reserve will postpone an anticipated interest rate hike curbed losses, according to Reuters.

    “It remains to be seen whether the Fed will push back the tightening and if that’s the case we will see a further correction of the U.S. dollar, which could push gold into a higher range,” said Ross Norman, CEO of bullion broker Sharps Pixley.

    Meanwhile, gold futures for June delivery dipped $5.90 an ounce to $1,207.80.

    sharps pixleygold investing
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