Precious Metals-Gold Cuts 4-Day Rally as Fed Boosts Dollar

Reuters reports that precious metals slowed after the Federal Reserve acknowledged U.S. growth was slowing but gave no hint that it will provide additional economic stimulus.

The market news is quoted as saying,

Platinum and palladium both eased. Spot platinum was last down 1.2 percent at $1,724.74 an ounce, while palladium was down 1.4 percent at $754.97.

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