(MENAFN- ProactiveInvestors)
Gold futures settled slightly lower in New York overnight as policy makers left interest rates unchanged.
The decision and the accompanying statement were announced after prices had settled for the day.
Shortly after the statement was released August gold traded at US$1096.60 an ounce in electronic trading.
That’s above the settlement of US$1092.60 on the Comex.
In the statement the Federal Reserve was slightly more upbeat about the economy and make subtle changes to the six-paragraph policy statement.
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