Gold prolonged losses as Fed raised economic outlook

Source: Bloomberg
© scanpics/RS
Gold extended the decline, since investors are waiting for higher US interest rates after the Fed announced positive economic outlook, simultaneously considering global risks. Precious metal dropped 0.5% to $1,278.27 per ounce, while April's delivery Gold declined 0.3% to $1,283.20 an ounce. Silver plunged 0.9% to 17.84 dollars per ounce. 

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