Gold erases four-day decline ahead of the Fed meeting

Note: This section contains information in English only.
Source: Bloomberg
Spot price of gold was higher by 0.5% to $1,664.33 an ounce in Singapore trading session on Tuesday. Recent increase ended four-day streak of losses, the longest losing period since October. Commodity investors wait for the U.S. Federal Reserve's meeting, when a stimulus to bolster the world's biggest economy will be discussed. The outlook on the monetary policy will be the main determinant of the price for gold.
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