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Urgent: Gold up as U.S. dollar weakens ahead of Fed policy statement

Xinhua, April 29, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rallied for a second straight session on Tuesday as the U.S. dollar weakened a day before the Federal Reserve's statement on monetary policy, boosting the appeal of the dollar-dominated precious metal.

The most active gold contract for June delivery rose 10.7 U.S. dollars, or 0.89 percent, to settle at 1,213.90 dollars per ounce. Endite