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Urgent: Gold rallies strongly as Fed statement weighs on dollar

Xinhua, March 18, 2016 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange bounced back strongly on Thursday as the U.S. dollar slumped after the dovish announcement of the U.S. Federal Reserve policy meeting.

The most active gold contract for April delivery rose 35.2 U.S. dollars, or 2.86 percent, to settle at 1,265 dollars per ounce. Endit