Gold prices continue to edge up on dollar weakness overseas ahead of the crucial FOMC meet that is underway. The dollar index lingered near lower levels before a looming Federal Reserve rate decision that should also give clues on the future policy path. The dollar index that measures the greenback against a basket of six counterparts that includes the yen, euro and sterling – eased 0.17% to 111.17, but was still not far below Tuesdays high of 111.78, the strongest level since Oct. 25. COMEX gold was up half a percent at $1658 an ounce. Meanwhile, on MCX, yellow metal prices were up nearly 0.45% to touch Rs 50,729 per 10 grams on Wednesday.Powered by Commodity Insights
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