Gold Down as Markets Eye Fed Outcome

Posted By: Religare
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    Gold futures closed lower in the international market on as this week's focus now turns squarely on the Federal Reserve.

    Gold Down as Markets Eye Fed Outcome

    The Fed's two-day meeting will wrap up Wednesday, where a dollar-supportive rate increase is widely expected, but not guaranteed. Higher interest rates are typically a negative for gold, because it enhances the appeal of yield-bearing assets; gold doesn't offer a yield.

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