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Gold firms as focus shifts to Federal Reserve's policy meeting

Gold prices firmed as investors await the Federal Reserve's policy meeting on Dec. 17-18, where a rate cut is expected. Non-yielding bullion tends to perform well in a lower interest rate environment and during crises. Gold discounts in India widened due to higher domestic prices, while China's stimulus measures failed to boost consumer confidence. Spot silver remained flat, platinum dropped, and palladium gained.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14196137/Gold-firms-focus-shifts-Federal-Reserves-policy-meeting.html
Source Id: 8459209177

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