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Gold traders eye US interest rates outlook
(14 Nov 2019, 09:26)

COMEX Gold edged up from three month low as some buying emerged on global trade worries and stressful equities. The COMEX Gold futures are currently trading at $1465 per ounce, up 0.10% on the day. Gold traders also eyed the latest statement from the US Federal Reserve Chairman Jerome Powell as he reiterated that the central bank is likely to leave interest rates on hold in the near future. Powell told members of the Joint Economic Committee that the Fed would leave rates at their current level unless there is a material change in the economic outlook.

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