Gold Ends Higher, Then Wavers In Electronic Trade After FOMC Decision

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures finished higher Wednesday, then wavered above and below their settlement in electronic trade after the U.S. Federal Reserve kept interest rates unchanged but said a rate hike was likely in the near future. Ahead of the Fed news, gold for December delivery settled at $1,331.40 an ounce Wednesday, up $13.20, or 1%, from Tuesday. It traded at $1,331.90 in electronic trading shortly after the Fed announcement.

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