Gold rises after Fed as ETFs shed bullion

Precious Metals

Bloomberg reports that Gold rose on Wednesday after the Federal Reserve’s economic assessment and its plan to complete its bond-buying program.

Bloomberg reports that Gold rose on Wednesday after the Federal Reserve’s economic assessment and its plan to complete its bond-buying program.

The market news is quoted as saying:

The metal recovered from a three-month low earlier in the day after news showing a record outflow from the world’s largest gold-backed exchange-traded fund weighed down on sentiment.

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