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Gold drops 4% on Fed minutes

The US dollar rose and gold fell after minutes from the last Federal Reserve meeting failed to provide much indication of future direction.

Kristie Batten
Image: iStock/Nuthawut Somsuk

Image: iStock/Nuthawut Somsuk

The wishy-washy statement said the US economy would depend on the COVID-19 pandemic and offered no clarity on interest rates or stimulus. Gold futures had been trading at about US$2015 an ounce this...

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