Gold Posts Modest Gains in Wake of FOMC Statement

(Kitco News) – Gold prices were modestly higher in afternoon U.S. trading Wednesday, following the much-anticipated FOMC statement that was deemed a bit more dovish than expected, but also somewhat confusing. On the day there was also some safe-haven demand for gold amid this week’s steep slide in the Russian ruble. February Comex gold was last up $6.40 at $1,201.00 an ounce. Spot gold was last up $5.50 at $1,201.00. March Comex silver last traded up $0.258 at $16.00 an ounce.

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