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The Economic Times

Gold prices under pressure ahead of Fed rate decision

US Federal Reserve Gold Oil Middle East the Middle East

Gold prices were subdued on Wednesday as market participants hunkered down ahead of the ‌U.S. Federal Reserve's policy decision, where a rate hike is widely expected.

Spot gold was down 0.1% at $4,288.48 per ounce, as of 0143 GMT, after scaling a more than one-month low on Monday. U.S. gold futures for December delivery were also down 0.1% at $4,328.10.

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