Gold advances on Fed easing speculation

Source: Marketwatch
© Scanpix/Reuters
Gold futures for February settlement were higher by 0.1%, or $2.30, to $1,711.90 an ounce in Asian trading hours on Wednesday. Investors showed preferences for this precious metal, as markets are expected to hear a Fed's commitment to expand asset purchases by 45 billion Dollar every month. That was the first drop in the last four trading sessions. Depreciation of the Dollar increases investments to gold, as a safe haven for wealth.
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