Dubai – (Massader News)
Gold prices fell on Thursday, and the price of metal futures for delivery in December fell by 1.4% to record level of 1297.8 dollars, coinciding with the recovery of the dollar after the Fed’s decision to keep the interest rate unchanged, according to a report published by Mubasher.
The spot price of gold fell about 0.5% to $ 1294.6 an ounce.
The US Federal Reserve announced yesterday to keep interest rate unchanged, starting to reduce its holdings of bonds worth $ 10 billion per month from next October.
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