Gold futures end lower as traders eye Fed’s policy decision

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Gold futures ended lower on Tuesday with investors awaiting Wednesday’s Federal Reserve decision on monetary policy. “With the Fed probably announcing a taper tomorrow and maybe even laying the groundwork for rate hikes later next year, in keeping with hawkish shifts from central banks around the world in recent weeks and months,” gold may struggle, said Craig Erlam, senior market analyst at Oanda. “A stronger dollar could pile further pressure on the yellow metal as it already appears to have entered into a corrective pattern,” he said. December gold fell $6.40, or 0.4%, to settle at $1,789.40 an ounce after posting…

This article was originally published by Marketwatch.com. Read the original article here.

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