Gold Resumes Rise Ahead Of Fed Meeting Outcome

Precious-Gold continued its rise for a second straight session on Thursday, trading near its one-week high ahead of the Fed’s two-day meeting outcome. The yellow metal hit a high of $1122.88 an ounce, while it currently trading at $1120.40, after opening at $1119.08. Gold recorded its biggest gains in a month on Wednesday after U.S. CPI data, which showed inflation dropped for the first time this year, raising expectations the Fed would delay its decision to later this year.

from Energy and Metal Commentaries http://ift.tt/1UYz82o