Futures for gold rangebound on Fed's policy meeting

Note: This section contains information in English only.
Source: Forexpros

Futures for gold were slightly lower in range bound trade on Wednesday in European early hours, as market sentiment was determined by Fed's two-day policy meeting. On the Comex, contracts for August delivery of gold were traded at USD1,618.25 per troy once, slipping 0.30% in early European trade. Support could be found at USD1,559.35, and resistance was likely to be at USD1,642.15.

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