Gold prices rose today as investors prepare for life after the Federal Reserve’s bond-buying stimulus program ends.
Gold for December delivery tacked on 10 cents to settle at US$1,229.40 an ounce.
The Fed is expected to announce the end of that program following the end of its two-day meeting tomorrow. Also today, orders for U.S. durable goods fell for the second month in a row on weak demand for autos, aircraft, computers and heavy machinery.
In other metals, December silver increased 6 cents to US$17.23 an ounce.
January platinum gained US$11.80 to US$1,266.30, while December palladium climbed US$6.20 to US$793.35.
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Gold prices rose today as investors prepare for life after the...
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Alex Scanlon, Managing Director & CEO
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