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Urgent: Gold retreats ahead of Fed policy meeting

Xinhua, January 27, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell sharply Monday on profit- taking ahead of the U.S. Federal Reserve meeting on Wednesday.

The most active gold contract for February delivery lost 13.2 U. S. dollars, or 1.02 percent, to settle at 1,279.40 dollars per ounce. Endite