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Tuesday, 09/20/2016 11:56:07 AM

Tuesday, September 20, 2016 11:56:07 AM

Post# of 14330
"...Gold rose for a second straight session on Tuesday as the dollar dropped ahead of a two-day U.S. Federal Reserve meeting that investors are betting will leave interest rates unchanged.

Spot gold was up 0.1 percent at $1,315.41 an ounce, with U.S. gold futures holding flat at $1,319.

Gold should remain supported as long as it holds above $1,300 an ounce ... but that level could be easily broken if the Fed surprises with a rate hike tomorrow," ActivTrades chief analyst Carlo Alberto de Casa said.
"If not, we could see a $10 rebound after the Fed meeting."

Investors will listen closely to Fed Chair Janet Yellen's speech at the end of the meeting on Wednesday for any hint that the central bank could raise rates before the end of the year....."
http://www.cnbc.com/2016/09/19/gold-retains-strength-ahead-of-fed-meeting.html

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