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    28.01.2016 05:59 Gold retreated amid profit-taking

    Gold is currently at $1,120.70 ( 0.44%). Prices slid amid profit-taking after yesterday's gains, which were generated by the dovish tone of the Fed's statement. The Federal Reserve admitted that economic growth slowed. However the central bank indicated that interest rates could still be raised in March.

    Physical demand supported gold as consumers in China prepared for the Lunar New Year celebrations.

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