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Gold steady as traders eye Fed rate decision
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Posted on
Jun 25 2008 6:15 AM
by
adeal
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Gold was steady in Europe on Monday, in line with the dollar and oil, as traders awaited a decision by the Federal Reserve on interest rates and its accompanying statement on future monetary policy. The U.S. central bank is widely expected to leave interest rates unchanged at 2 percent. However, if it fails to adopt a widely expected hawkish tone in its statement, the dollar could suffer, buoying gold.
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