Gold prices started to slide on Tuesday, coming off their nearly-one-week high as traders wait anxiously for the next U.S. monetary policy meeting, which is set for Wednesday. Meanwhile the U.S. dollar dipped to a one-week low on Tuesday, marking the second session of declines in a row.
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The Federal Reserve is expected to hike interest rates again on Wednesday, but the ongoing volatility across the market has led some to believe this could be the last rate hike for a while. Analysts say gold should benefit from the widespread volatility in the near term — especially in equities.
Gold prices supported by...
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