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Home>Gold pares gains, oil loses more ground after Fed announcement

Gold pares gains, oil loses more ground after Fed announcement

3party Content

Wed, 27 Jul 2016

Gold futures pared gains in electronic trading Wednesday, while oil futures lost more ground on the New York Mercantile Exchange after but appeared to be more open to a rate increase in September. The statement supported the U.S. dollar which, in turn, pressured dollar-denominated prices for gold
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