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Gold prices rose as the dollar fell after the U.S. Federal Reserve stuck

Gold prices rose as the dollar fell after the U.S. Federal Reserve stuck

Gold trading range for the day is 27835-28129. Gold prices rose as the dollar fell after the U.S. Federal Reserve stuck to a less hawkish stance on further interest rate hikes this year. Fed raised interest rates for the second time in three months, a move spurred by steady economic growth and strong job gains. In Britain, concerns have increased over a prolonged and painful process of the U.K.s exit from EU, as Scotland mulled a possible second independence referendum.

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