Jan 29, 2015
Gold Down 1% as Fed's Upbeat Report Boosts Dollar
Gold Down 1% as Fed’s Upbeat Report Boosts Dollar
♣ Fed says U.S. economy expanding at “solid pace”
♣ Dollar not far off 11-year peak vs basket of currencies
♣ Coming up: U.S. pending home sales at 1500 GMT
Gold prices dropped for the fourth session in five on Thursday, losing as much as 1 percent as the dollar firmed after the Federal Reserve signalled it was on track to lift interest rates this year. (more…)
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