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Gold subdued as traders strap in for Fed minutes

From zawya.com

Gold edged lower on Wednesday with most investors on the sidelines ahead of minutes from the U.S. Federal Reserve's November policy meeting that could offer hints on its tightening path. Spot gold was 0.1% lower at $1,738.93 per ounce by 1207 GMT, while U.S. gold futures were little changed at $1,739.60. "There's a general lack of interest really, ahead of the release of tonight's Fed minutes. There's nothing significant acting as a driver for the gold price," said Michael Hewson, chief markets analyst at CMC Markets. There's "fairly decent support" for prices around $1,730, he added. Apart from the Fed minutes at ... (full story)

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  • Category: Fundamental Analysis