Gold Market Update : Epic Research Singapore

Gold futures settled lower Wednesday, pressured by some gains in the U.S. dollar on the back of strong economic data, but prices rallied past $1,240 an ounce in electronic trading after the Federal Reserve lowered the number of interest-rate increases it expects this year.

Ahead of the news, April gold GCJ6, +2.14%  fell $1.20 cents, or 0.1%, to settle at $1,229.80 an ounce—its lowest finish since Feb. 26.

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