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Gold Prices Declines Following Fed Statement

M. Ali 17 September, 2020 11:55 pm Commodities, Market Update

Gold prices declined on Thursday after the Federal Reserve expressed intentions to maintain interest rates near 0% until 2023.

Gold futures for December delivery declined by $20.60, or 1.1%, and finished at $1,949.90 per ounce.

Meanwhile, silver futures for December delivery closed lower by 38 cents, or 1.4%, at $27.10 per ounce.

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