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Gold Extends Slide to Below $4,000 Ahead of Federal Reserve Meeting
Gold futures slipped before $4,000 ahead of the Federal Reserve’s October policy meeting. The yellow metal has slumped since reaching close to $4,400 early last week as US-China trade tensions diminish, suggesting that gold’s recent rally was driven by safe-haven demand. December gold futures tumbled 0.7% to a three-week low of $3,952.87 per ounce on Tuesday on the COMEX division of the New York Mercantile Exchange. Despite the latest selloff, the yellow metal is still up more than 51% this year. Silver, the sister commodity to gold, wobbled throughout the trading session. December silver futures dipped $0.054, ... (full story)