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26-Jul2017

Gold futures end lower on Tuesday

Gold futures ended lower on Tuesday as equities gained and the markets awaited clues about monetary policy from the US Federal Reserve, which began its two-day meeting. The market is not expecting an interest rate increase following the Fed's two-day meeting, but it is looking for hints on the timing and extent of future moves.

Gold futures for August delivery declined $2.20, or 0.2 percent, to settle at $1,252.10 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.2 percent at $1,251.90 an ounce.


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