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Gold hits 8-month high as Fed meeting kicks off

Jan 30, 2019 12:27 IST

Gold has hit an eight-month high as the dollar eased before a U.S. Federal Reserve meeting, and heightened caution about an escalation in US-China trade tensions.The precious metal is increasingly being seen as a safe bet compared to the volatility in other markets. All eyes are on the Fed as it begins it’s two-day policy meeting on Tuesday. An indication that interest rates will be left unchanged could mean a further rally in prices.

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