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Gold softens on caution ahead of Fed’s policy decision
Gold started November on a softer note, with investors on the watch for the US Federal Reserve’s policy decision due later in the day, after concerns over the Middle East conflict boosted the safe-haven asset’s prices above $2,000 an ounce last month. Spot gold fell 0.2% to $1,978.36 per ounce by 0351 GMT on Wednesday, while US gold futures dropped 0.4% to $1,987.00. Spot gold posted a 7.3% jump in October, with prices hitting an over five-month high of $2,009.29 last week. The market pushed prices above $2,000, but it came back down, it tried to move up again, but it didn’t move substantially higher, ... (full story)