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08.12.2015 16:25 Gold price rises as market participants are awaiting the Fed’s meeting next week

Gold price increased as market participants are awaiting the Fed's monetary policy meeting next week. Market participants speculate that the Fed will start raising its interest rate this month.

 

Gold is traded in U.S. dollars. It suffers when the U.S. dollar strengthens, becoming more expensive for holders of other currencies.

 

February futures for gold on the COMEX today rose to 1078.40 dollars per ounce.



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