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By Barani Krishnan
Investing.com – Gold prices returned to near mid-$1,700 levels on Wednesday ahead of the Federal Reserve’s widely-expected taper of its long-running stimulus for the U.S. economy.
U.S. gold futures’ most active contract, December, settled down $25.50, or 1.4%, at $1,763.90 an ounce.
The Fed will issue its monthly monetary policy statement at 2:00 PM ET (18:00 GMT), where the central bank is expected to lay out the timetable for reducing the $120 billion it has spending monthly over the past year on bonds and other asset purchases to support the economy in the midst of the COVID-19.
Gold Back Near Mid-$1,700 Ahead of Widely-Expected Fed Taper
By Reuters – Nov 03, 2021
LONDON (Reuters) – Britain will auction 80.5 million carbon permits it 2022 ICE (NYSE:ICE), which is hosting the auctions, said in a market notice on Wednesday.
The auctions are…
By Reuters – Nov 03, 2021
By Nora Buli and Susanna Twidale (Reuters) -A major Russian pipeline that supplies natural gas to Europe remains stuck in reverse after requests to transport gas westwards through…
By Investing.com – Nov 03, 2021
By Sam Boughedda
Investing.com — U.S. oil stockpiles increased by more than expected in the latest week, the Energy Information Administration said on Wednesday.
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