Monday, November 11, 2013

Gold falls as market looks past Federal Reserve statements

Gold prices fell after the Federal reserve left monetary policy unchanged, though markets were expected slightly more dovish language from the U.S. central bank's statement, which gave room for the dollar to rise

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,344.30 during U.S. afternoon hours, down 0.09%

The Federal Reserve on Wednesday left its key benchmark lending target, the fed funds rate, unchanged at 0.25% and kept its USD85 billion monthly asset-purchasing program in place.

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