Gold futures are lingering at sharply lower levels posted in the previous session; although a minor correction in the dollar is seen supporting the yellow metal to some extent. COMEX Gold is down 0.34% at $1825 an ounce. The counter settled down $43.70, or 2.3%, at $1,831.80 an ounce yesterday. Gold is under stress as the US Federal Reserve is scheduled to announce its latest monetary policy decision on Wednesday. The central bank expected to continue raising interest rates in an effort to combat inflation. It is widely expected to raise rates by 50 basis points. Powered by Commodity Insights
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