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Gold futures ended lower on Wednesday, then fell even further after the Federal Reserve announced a 0.5 percentage point increase to its benchmark interest rate.
Price action
Market drivers
Prices for gold finished Wednesday’s session with a loss, then extended those losses into the electronic trading session after the Fed announced a hike in the fed funds rate of 50 basis points to the 4.25% to 4.5% range, as expected.
Fed…
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