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Gold rangebound ahead of Fed meeting, copper stalls on China woes

From investing.com

Gold prices hovered just above two-month lows on Thursday, sticking to a holding pattern seen in recent weeks as markets awaited an upcoming Federal Reserve meeting. Copper prices edged lower as weak economic signals from China continued to trickle in, raising concerns over sustained demand in the largest importer of the red metal. Gold in holding pattern as Fed meeting looms: The yellow metal has kept to a tight trading range for nearly three weeks, coming under pressure from a resurgence in the dollar and treasury yields as markets speculated over the Fed’s stance on more interest rate hikes. Gold futures ... (full story)

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  • Category: Fundamental Analysis