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22-Sep2018

Gold futures end lower ahead of Fed meet

Gold futures ended lower on Thursday due to cautious outlook ahead to the Federal Reserve meeting that is expected to come up with higher rates next week. Meanwhile, positive trend in dollar index and US stocks also weighed on the yellow metal prices.

Gold futures for December delivery settled down $10, or 0.8 percent, at $1,201.30 per ounce, on the Comex division of the New York Mercantile. While, spot gold  lost 0.8 percent at $1,196.86 ounce.


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