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Gold futures were trading higher by $5.40 at $1186.30 in Wednesday's session. It had been trading near the lows for the session preceding the Fed's announcement to leave interest rates unchanged.
It initially headed for the low of the session ($1173.90), but found buyers ahead of that level, reaching $1174.20 before staging over a $10 rally.
The rally ended in a familiar area, topping out between Monday ($1190.20) and Tuesday ($1187.40) highs, reaching $1188.80 before retreating to its current level.
Over the last seven trading sessions (including today), it has been confined to a narrow trading range between $1171.80 and $1191.80.
It hasn't closed above the psychological technical level of $1200, since May 22, when it ended the session at $1204.90.
The
SPDR Gold Trust (ETF)GLD closed at $113.85, up $0.53 (0.47 percent).
The
Market Vectors Gold Miners ETFGDX closed at $18.86, up $0.53 (2.8 percent).
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